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You mean you guys have more than the $100K FDIC limit in your accounts?  Shouldn't you be investing in ET?

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Tue Mar 11th, 2008 at 02:03:38 PM EST
[ Parent ]
Not even close, but just enough of my grandfather's Depression-era attitude rubbed off on me to not trust the FDIC or any other federal program.  Especially not when this goofball country is controlled by voters who believe they can have massive tax cuts and Social Security.

If you're banking on any of these, and are fairly young, I submit that you might as well be in Vegas.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Tue Mar 11th, 2008 at 02:10:55 PM EST
[ Parent ]
Modern/Contemporary Art is the place to invest and where all money flows to in unreliable times. Market prices have doubled in the last 18 months!

For people with more money than sense, art beats stocks and property. And, unlike getting a new car, they are happy if they have to pay more. There's nothing like putting your futures up on a wall ;-)

You can't be me, I'm taken

by Sven Triloqvist on Tue Mar 11th, 2008 at 02:12:44 PM EST
[ Parent ]
For me it's keeping myself liquid before the check comes. I've seen reassuring articles recently that state "generally another bank will pick up the accounts and nothing will change." Sounds like finance industry PR to me, although I'm not privy to any examples either way.

you are the media you consume.

by MillMan (millguy at gmail) on Tue Mar 11th, 2008 at 02:29:29 PM EST
[ Parent ]

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