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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (25759)7/12/2008 10:27:49 PM
From: sylvester80  Read Replies (2) | Respond to of 149317
 
It may fail but no FDIC bank should ever fail because of a run on it (like what ended up happening to IndyMac). These are FDIC insured institutions. Nobody is going to lose a red cent (as long as you don't have more than the insurance (usually up to 200K for a married couple. So maybe the bank will fail but that's not a reason to pull your money out of it as all the money is guaranteed by the FDIC.



To: tejek who wrote (25759)7/13/2008 1:30:42 AM
From: koan  Respond to of 149317
 
Mish thinks a lot of banks are going to fall I think.

Thinkgs have enver looked worse to me. That bit with bush and the pollution conference shows he is just crazy and double stupid!!


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