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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (420708)9/29/2008 10:47:28 AM
From: michael97123  Read Replies (1) | Respond to of 1573558
 
name a big bank in danger at this point? Natcity was just recommended and though a $1 stock, its not like wamau wacho. There will be some small bank failures that FDIC will cover. I think the govt MUST raise level of insurance for FDIC so business accounts can stay at smaller banks.



To: tejek who wrote (420708)9/29/2008 10:50:36 AM
From: TigerPaw  Read Replies (3) | Respond to of 1573558
 
WB and WaMu failed because of runs on deposits.

The run on the banks is not a result of depositors who worry about losing their money. It is bigger players who are moving their money out of dollar accounts and into euros or commodities.

TP


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