Roosh said:Are my FDIC-backed CDs safe?
Depends upon the bank or credit union that issued the CDs.
The FDIC S.O.P is to make a larger bank take over assets of the failed bank while the ggovernment absorbs the bad debts so unless BoA goes bankrupt your FDIC insured CDs should be ok... I would also look into the private insurance guarantees at mega financials like Fidelity, Schwab etc use to insure customers Money Markets as these firms security accounts are insured for more than FDIC limits.
Not sure how they risk manage (insure) Money Markets but if Fidelity fails the USA and we all have bigger problems.