It may compound the problems of the MANY, but at least each individual will have THEIR cash. I guess in socialist countries, I guess that collective good concept only goes so far.
Why would anyone keep their money in a bank when failure of the entire system is inevitable? Unfortunately, this is coming to a neighborhood near all of us. Our congress is certainly whistling past the graveyard.
There is a lesson to be learned in all this. That is, get your money out while the gettin is good. Obammy and Co will certainly try to take our assets and 401ks when SS runs out and grandma doesnt have her monthly check.
I agree with everything you just said. Way to go!