I agree w/ you about not peeing in my tea. I think I disagree w/ you about the govt/fdic not caring in this case....usually they don't care because the media won't bring an issue to light and make it known to the general populace in large manner. W/ respect to the WAMU deal, it's just too big and too brutal to not get coverage from all media outlets imo. Can't say anything for sure though in this climate. Time will tell.
THE FDIC ONLY works if the people TRUST them! Thats the WHOLE point. They exist to provide confidence to you and I that our money is safe! If you dont TRUST the FDIC, then why should YOU or ANYONE believe their money is truly safe?! Especially NOW!?
Question: If the FDIC were gone TOMORROW....do you think there would be a series of runs on our banks by people who were RELYING on that "I" in FDIC???? You Betcha! People would be hording! Stashing cash in their walls again.
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