yes, that would have helped. a lot. if people knew that several years worth of living expenses were safe from the robber barons, there wouldn’t be all this panic.
oh.. wait… the robber barons need to be able to invoke panic so that we’ll hand them our piddly little savings like this whenever they paint themselves into corners.
]]>The $100K limit should have been raised years ago.
]]>Ireland’s government said today it will guarantee all the deposits, covered bonds, senior debt and dated subordinated debt of four publicly traded banks and two building societies.
That actually makes sense. Perhaps this is something the US should be doing. It would stop bank runs, stop panic, and give Congress time to work out a better plan. Instead of throwing $700 down a black hole.
]]>Ah, you must have chanced upon the McKinley, Hipparchia.
]]>= Badtux the Finance Penguin
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