I didn’t have much time to look at work, just a few minutes actually before getting interrupted but I *did* see lots and lots of very vague language.  Lots of “historically” and “typically” and absolutely NO promises.  I even saw things alluding to “most people” see a “portion” of their insured money…blah blah blah.
lol  Kinda crazy.  i am going to keep looking, but that was my initial impressions.
Melissa Thanks to everyone who replied to my question.
That was verrryyy interesting.
Even tho I didn’t find anything that said 99 years, who says how quick is “quickly as possible”? I like like to know these things.
I know historically it has been very quickly, over the weekend I believe.
Anyway I found it very interesting and wanted to say thank you to all who replied.
Debbie S

I found this at bankrate.com: Sheryl Stay up to date on your PC, the Web, and your mobile phone with Windows Live.
[MOD EDIT: URL removed]

I remember the lady posting that but here is the url from the fdic website itself which may help more…I think the bankrate.com article was pretty much just repeating what the fdic website had said though…it’s # 3 on their list of misconceptions: [MOD EDIT: URL removed]

Yeah I agree that it’s strange that bank managers would tell customers one thing when the fdic site says another….it’s all very confusing to people! Sheryl See how Windows Mobile brings your life together—at home, work, or on the go.
[MOD EDIT: URL removed]

Oh agreed!  Absolutely!!  I am not all that excited about the fact that I was told this in training!!  I’m a little…um…p.o’ed.  I will search and see if I can find this info though, cuz I could almost swear I saw it in print at some point, and that started the debate on it.  But I’m off work today, so it’ll have to wait until tomorrow.
  Ain’t no way I am researching the FDIC on my day off.
LOL  If you are trained that way then it isn’t your fault anyway though…so no I don’t think the people who are trained are at fault in any way…when I said bank managers telling people that I was referring to the article where the person stated that their bank manager told them about the 99 year thing…so it sounds like (as you said) that there is training going on that seemingly goes against what the FDIC says….and I just think that’s confusing to all concerned, especially bank employees! Sheryl

If it is indeed accurate, that means they have the right to exercise that clause.  Would they or would they not isn’t the issue, its the fact that they can.   Its the little print that comes back to bite people most of the time.
  Bailouts are recent history, if in fact the 99 year clause exists, a few weeks ago when we were discussing this, bailouts weren’t on the table.  You’re right if they are now considering bailouts, then surely the FDIC will get one, but again, thats recent turns of events.
  I’m concerned with the little print, the seemingly impossiblities, which can become reality.
  Sharon H.
  [MOD EDIT: URL removed]

If that’s the case then not only is it not advertised, but the FDIC is outright lying about it on their own site (which wouldn’t be a big surprise really…the government lies about all kinds of things).
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