Winston Smith of Oceania

Not All Savings Is Good Savings

Actually, several people are taking their money out of the bank. It isn't in CD's and savings accounts. People are scared that their bank won't be around and have made a "run on the bank". That is the reason why the government increased the FDIC insurance amount...to try to stop this outflow. Several more people today have their money at home in the cookie jar and under the mattress where the banks cannot get to it to lend it out anymore.