Vermont Edition
12 noon-1 p.m. Weekdays on VPR
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Friday July 25, 2008
Health and security of Vermont banks
With several financial sectors in turmoil and one recent bank failure in
California, consumers are wondering about our banks in this region.
Guest host Steve Zind looks at the measures that are in place to protect
savings deposits in Vermont banks, and how consumers can research the
financial health of the institutions with which they bank. Our guests are Vermont's Deputy Commissioner for Banking Tom Candon, and Chris D'Elia, president of the Vermont Bankers Association.(Listen)
Also in the program, the filing deadline has passed for statewide major party candidates - and some incumbents appear to have little opposition. VPR's Ross Sneyd looks at how the fall elections are shaping up.(Listen)
And we'll listen back to some of the voices in the news this week.(Listen)
Comments from listeners:
Laura from Burke:
My mother lives in California and had CDs at IndyMac. A couple of issues: if you have a $100,000 CD and it has made interest, it now is not fully covered. Also, you can get up to $200,000 FDIC insurance based on beneficiaries for CDs, but the rules are very complicated, and my mother said that the bank tellers/account specialists did not know these rules and gave incorrect advice.
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