I Don't Trust Regional Banks, Right?

15 billion over the last week has gone to Bank of America. People say, well, I don't trust these regional banks. That's not good either. We don't want four big banks to run into the whole country. The way that people can protect themselves is that you go to like the little bank in your hometown. Every bit of money up to 250,000 is 100% guaranteed by insurance program. If it's above 250, then they just bail them out. So if you have a million dollars, God bless you, you're a wealthy person, put 250 at each of the four banks. And then you're 100% protected.