To: steelyourfaith
If more large banks fail the FDIC will be out of funds to replenish accounts and it will be wait-in-line time. The dollars you finally get might not be worth much after running printing presses 24 hrs/day for months.
14 posted on
01/20/2009 9:49:27 PM PST by
steve86
(Acerbic by nature, not nurture)
To: steve86
If more large banks fail the FDIC will be out of funds to replenish accounts and it will be wait-in-line time.Exactly. We were going to transfer some TMM funds out to some CD's, but I'm hesitant now. If the FDIC runs short of funds (I believe it has $35 billion?), banks may not redeem the CD's on time.
38 posted on
01/21/2009 5:45:32 AM PST by
randita
(If the government could "fix" the economy, we'd never have a recession.)
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