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Re: Porgie Tirebiter post# 1428

Tuesday, 11/08/2016 9:16:26 AM

Tuesday, November 08, 2016 9:16:26 AM

Post# of 1943
A disgruntled depositor would also have to decide on a lily-white bank to move his assets to. You know of any of those?

My guess is credit unions and some small banks will be the only significant winners.

BTW, I decided 40 years ago to run my life with minimal bank involvement. I don't borrow money. I pay cash for everything. I've generally kept my cash in Fidelity or Vanguard MM funds. I even use a Fidelity MM fund as a checking account for paying my bills, so I get (got) interest even on the float... A damn good deal especially around 1980.

I look at those fancy marble bank buildings, and those fat bankers driving luxury cars, and figured I could do best without them. Another example of "Where Are The Customers Yachts?"

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