Tuesday, September 22, 2009
The FDIC's plan to borrow from banks it insures won't come as a surprise to readers of this blog:
When's the last time your insurance company asked to borrow against your totaled car so they could pay for it? You can't make this stuff up. The strongest leg down in the total financial collapse of the United States is underway. Hold on.
One year of emergency cash held at home or in relatively liquid U.S. Treasuries/C of I is a must.
Posted by fdralloveragain at 1:47 PM