Comments on: Implications of Colonial Bank’s Failure http://frontlinefinancials.com/2009/08/14/implications-of-colonial-banks-failure/ A Soldier's View Wed, 26 Aug 2009 19:54:07 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Hoody http://frontlinefinancials.com/2009/08/14/implications-of-colonial-banks-failure/comment-page-1/#comment-52 Hoody Wed, 26 Aug 2009 19:54:07 +0000 http://frontlinefinancials.com/?p=124#comment-52 After looking into this more, I see now where the fed won’t let the FDIC go broke, it will just “bail” them out as all the other broke items. Even the stock pusher clowns on CNBC incl the one with the noise making machine say so. Only thing I guess would be next question though is if a “big” bank was to go, just how long would the FDIC decide it wanted to take to pay the “insured” accounts? My guess is a while. So I use 3 different banks and maybe even a 4th to spread things around as not all banks in my area are 5 star rated, they are 3 to 5. But I figure they won’t ALL go at the same time. ( I hope ) No reason to keep it in cash cause if the situation gets as bad as some think, the paper won’t be worth shit either, and since you don’t have a Ft Knox you probably won’t have that much gold around either, besides a lb of meat is edible, a lb of gold just sits there, if I had the meat why would I want the gold? So relax, keep “some” cash available but keep the rest in the bank, you’ll get it back some time lol After looking into this more, I see now where the fed won’t let the FDIC go broke, it will just “bail” them out as all the other broke items. Even the stock pusher clowns on CNBC incl the one with the noise making machine say so. Only thing I guess would be next question though is if a “big” bank was to go, just how long would the FDIC decide it wanted to take to pay the “insured” accounts? My guess is a while. So I use 3 different banks and maybe even a 4th to spread things around as not all banks in my area are 5 star rated, they are 3 to 5. But I figure they won’t ALL go at the same time. ( I hope ) No reason to keep it in cash cause if the situation gets as bad as some think, the paper won’t be worth shit either, and since you don’t have a Ft Knox you probably won’t have that much gold around either, besides a lb of meat is edible, a lb of gold just sits there, if I had the meat why would I want the gold?

So relax, keep “some” cash available but keep the rest in the bank, you’ll get it back some time lol

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