well, before FDIC the banks werent insured and so when the depression hit, A LOT of people lost their money...people started keeping all their money at home, in mattresses, etc.
now, as anon17 said, banks are not as secure as what we thought even with FDIC since there have been bank issues with the recent economy issues. so that is why.
also, some people dont manage money well so when they overdraft they get hit with HUGE fees that just inflame their poor money management skills.
at 9:40 PM on May. 2, 2010