Quote:
Originally Posted by Texpat  Quote:
Originally Posted by bkkandrew Quote:
Originally Posted by Texpat Is the sky falling again?
| I guess for those with no money in the bank, you need not worry about the likely failure of said bank.
I do not fall into this catagory, I can only assume why you airily dismiss such matters...  | Actually, I don't have much money in banks. And my mutual funds and IRAs are steady on.
I airily dismiss such matters because you go out of your mind if you read the financial papers every day. I did for about two decades and finally got sick and tired of experts babbling on about why the markets are going down. Like Sabang said, there are natural cycles. Get used to it. Maybe someday the financial sky will actually fall, but until then, I'll remain airy.
The boy who cried wolf didn't get much attention after about the fifth false alarm. |
I am not quite sure of the point you are making, but to be clear, the reason why I started this thread is that those who live here and maybe are not in the loop of financial matters could be at risk of their savings being in a bank in danger of failure.
I have also simply quoted other sources, rather than making any dramatic comments myself. Whether you read them is up to you...