u-s-deposits-post-biggest-drop-since-9-11-as-fdic-ends-support

[murphy_p_t]

what to make of this?

http://www.bloomberg.com/news/2013-01-2 ... pport.html

[KevinW]

My take: this illustrates one reason why FDIC-insured accounts, or similar, are not equivalent to true T-bills or T-bill MMFs. The government can change the insurance policies at the stroke of a pen.