There is however a new form of insurance you can purchase from Radnor, PA-based Commercial Deposit Insurance Agency that will protect you.

FORBES: Shelter Your Portfolio In Consumer Staples With Food, Clothing And Stellar Returns

Mitch McConnell of Kentucky and Richard Shelby of Alabama, would put a consumer protection agency inside the Federal Deposit Insurance Corp.

FORBES: About Sheila Bair

And inter-agency feuding has been growing: witness the spats between the Federal Deposit Insurance Corporation and other regulators over deposit insurance and their treatment of Citigroup.

ECONOMIST: Financial reform in America

As the FDIC chairman, she has added programs to the agency, including ones that provide temporary liquidity guarantees, increases in deposit insurance limits and systematic loan modifications to troubled borrowers.

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