FDIC prepares for bank runs, pawn shop O.T., and other tales of the Bush twilight years
On January 14 the FDIC began to update its rules for dealing with bank runs: here. CBS MARKETWATCH elaborates here: the Federal Deposit Insurance Corp. is gearing up for the prospect of a large bank failure. So double-check that all your deposits, including interest, are well within FDIC insurance limits.
But don't sweat it - go join the crowd at your local pawnshop if you need some extra cash. Besides the economy is in good hands: "Bernanke is printing huge amounts of money. He's out of control and the Fed is out of control. We are probably going to have one of the worst recessions we've had since the Second World War. It's not a good scene."
Oh, that just Fortune Magazine talking - what do THEY know about money?
But don't sweat it - go join the crowd at your local pawnshop if you need some extra cash. Besides the economy is in good hands: "Bernanke is printing huge amounts of money. He's out of control and the Fed is out of control. We are probably going to have one of the worst recessions we've had since the Second World War. It's not a good scene."
Oh, that just Fortune Magazine talking - what do THEY know about money?
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