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To: Mike M2 who wrote (150202)2/8/2002 11:40:21 AM
From: KeepItSimple  Respond to of 436258
 
Don't worry about it- all these clowns were WRONG about the FDIC insurance. Of course, you can deduce what you will about the finances of people who had completely wrong ideas about what happens to accounts with more than 100k. :)

In other words, none of them have ever had more than 100k to rub together so they were talking out of their arse.

LOL

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Patron, that is a shock to me. Can you give me a source for this wrinkle? I am very concerned about this. Thanks mike



To: Mike M2 who wrote (150202)2/8/2002 4:24:59 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
I don't think I was correct on that, Bill. Provided the (FDIC) system remains solvent, you'll get paid. Of course they ARE underfunded, and if one VERY big bank (ie, JPM, C, BAC) goes under, given the amount of counterparty risk that would be involved, I think we'll see a $hitstorm of such unimaginable proportions that the government would be hard pressed to make good on their obligation there.


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