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Non-Cattle Specific Topics
Every Thing Else Board
Fed cuts funds rate 75 basis points
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<blockquote data-quote="larryshoat" data-source="post: 515970" data-attributes="member: 6773"><p>Read the comment again. Other "surviving" banks take over the assets and deposits. Now in an absolute worst scenario they would all fail. In that case your money would be worthless anyway. Banks can still legally advertise that not a single penny has ever been lost in an insured account in an institution.</p></blockquote><p>In the S&L thing it was relatively small . Who would take over Bank of America ? TB, I do think you are right ,they are going to cover every dollar, that dollar won't buy much, but you will still have a dollar .The point I was trying to make with auctionboy is that the feds hands are tied, they simply have no choice but to do what they are doing .</p><p></p><p>Larry</p><p>[/QUOTE]</p>
[QUOTE="larryshoat, post: 515970, member: 6773"] Read the comment again. Other "surviving" banks take over the assets and deposits. Now in an absolute worst scenario they would all fail. In that case your money would be worthless anyway. Banks can still legally advertise that not a single penny has ever been lost in an insured account in an institution.[/quote]In the S&L thing it was relatively small . Who would take over Bank of America ? TB, I do think you are right ,they are going to cover every dollar, that dollar won't buy much, but you will still have a dollar .The point I was trying to make with auctionboy is that the feds hands are tied, they simply have no choice but to do what they are doing . Larry [/QUOTE]
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Fed cuts funds rate 75 basis points
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