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Reply #2: I often wonder of the integrity of the FDIC [View All]

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JohnnyRingo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-28-09 09:36 AM
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2. I often wonder of the integrity of the FDIC
If enough banks fail at once, and if the line of people with lost accounts gets long enough, how much can the Fed handle before they tell investors they'll have to wait awhile for their money.

The result will be akin to pushing over a key domino as the rush to withdraw will be immediate and global. Those who got out early will be the only "winners".
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