Countrywide's web site has a cute little banner ad (image at left) offering to tell you how to get as much as $750,000 of FDIC insurance on accounts held at a single bank (preferably at Countrywide, if you please). Essentially, they say, you just title your accounts differently - a joint account is covered for $100k per person; a single account is covered to $100k; a retirement account is covered to $250k, and a testamentary account is covered to $100k per beneficiary. (Here's the FDIC explanation and you might also be interested in the Electronic Deposit Insurance Estimator (EDIE).)
People across the country, even across the globe, are making little side bets about if - or when - Countrywide is going to go bankrupt (even now, when Bank of America has committed to buy Countrywide). I don't know if their little FDIC coverage tutorial is nervy, clueless, an admission of guilt, or an amazing display of integrity and customer service. Then again, Countrywide (B) is rated higher than Bank of America (B-) on thestreet.com's bank ratings.
Here's the Countrywide.com screen shot from Jan. 20th:
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