Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: kempo
Should I go to the bank tomorrow and draw all of my money out and bury it in the back yard?

Paulson is correct in that nobody's (yet) lost a penny from an FDIC insured account.

However, with the level of fear out there, it might be prudent to have a larger than normal amount of cash on hand to meet your normal needs. Your money may be safe in the bank, but the bank could be closed for some days or weeks if people start running them and accessing the cash might be more problematic than normal.

I'm not saying to develop a Y2K level of paranoia, but money can always be replaced in the account pretty quick and easy with little harm done.

45 posted on 09/22/2008 5:45:52 PM PDT by HeartlandOfAmerica (Don't blame me - I voted for Fred and am STILL a FredHead and will write him in!)
[ Post Reply | Private Reply | To 43 | View Replies ]


To: HeartlandOfAmerica
This is the first time I am truly afraid for this country. I don't see a good or easy way out and what's really amazing most people don't even know what's fixing to happen. They're all going about their business as if everything is just fine.
47 posted on 09/22/2008 6:06:35 PM PDT by kempo
[ Post Reply | Private Reply | To 45 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson