Great. It looks like my bank is going under fast, and the F.D.I.C. may not have the funds to cover our deposits without begging some from the Treasury. Is it time to stuff my mattress with money, or does it really matter at this point? At what point will we need a wheelbarrow full of dollars to buy a loaf of bread? I have the wheelbarrow, but I may need my paper money for bookmarks, toilet paper and other more constructive items. Isn’t a conservative, deregulated America great?
Oliphant Parts
Reframing Reality
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Yep, I'm in the same boat…trying to decide if I should pull my money out and move it to another bank. But what bank? They're all screwed? And I do like WAMU, so I feel like I should keep my money there because if we ALL pull out, they're sure to go under. Can you tell I'm conflicted?
If you can't trust the government, who can you trust? Okay, it's a Wahoo Serious line, but what the hell? We're leaving our money in and trusting that the FDIC will cover things if it gets bad. Unfortunately, you've got all the idiots our there hastening a crisis by pulling out their funds and further undermining WaMu. Here in Post Falls, they lost $4,000,000 in deposits this week, thanks to panicky customers.
After reading up on it a bit, it sounds like it only takes 1-2 days for your money to be available if WaMu goes under, so why try to kill it?
Crap. Should have been "out there" rather than "our there"