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Politics : Ask Michael Burke

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To: marginmike who wrote (88252)	1/11/2001 12:24:15 PM
From: Knighty Tin	Read Replies (2) of 132070

mm, I don't think there are. My advice is to never carry a brokerage account or a bank account where you store more than the govt. insured amount. True, you may end up with many accounts, but why take the chance. Also, beware of private insurance above the govt. amount. It is not like these guys will be able to pay in a general meltdown. The govt. will always be able to pay because they can print money. I would rather have my inflated dollar back than no dollar at all. One place you can store cash safely is the Fed itself. If you buy bills there, you can set up an account and have funds wired to banks, brokers, etc. I don't know too many people who do that, as I've heard it is quite a hassle to move the money around.

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