“And why would I trust a foreign bank in this economy if I had the money to put there?”
Because many are far, far better capitalized and have far, far better reserves and liquidity than any US bank.
Since I’ve never been in a position to go putting money in a foreign bank, I’ll have to leave that safety factor to those who do, but I’m fresh out of concern-I barely have enough to live in this Obamaeconomy, with so little work. All my prayers and hopes are for more work...