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To: Sleeping Freeper
A run on Countrywide....the largest mortgage lender.... talk of bankruptcy.... I'd probably be in line too....

Looks like these folks have never heard of the FDIC.

16 posted on 08/17/2007 10:56:13 AM PDT by Gay State Conservative (If martyrdom is so cool,why does Osama Obama go to such great lengths to avoid it?)
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To: Gay State Conservative

Some of the folks yanking out money had deposits greater than the FDIC coverage limits. In other words, their money would be at risk if Countrywide went belly up.


17 posted on 08/17/2007 10:58:28 AM PDT by rabscuttle385 (Sic Semper Tyrannis * U.Va. Engineering '09 * Friends Don't Let Friends Vote Democrat * Fred in 2008)
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