Fannie Mae and Freddie Mac need a bailout.
Analysis: A new financial crisis at the worst time - Yahoo! News
If you have $100,000.00 in an account, it is insured by the FDIC.
That is the maximum amount for which they insure CASH.
If you have in excess of $100,000.00, you need to have more than one signer on the account so that anything over $100,000.00 is insured for another $100,000.00, etc., etc.
If you can't have more than one signer on the account and it is in excess of $100,000.00 then you need to open several accounts with several banks.