[gonebroke2]

[ QUOTE ]
Gonebroke2, did you even read the damn report? It was his SAVINGS ACCOUNT!!! Why are you so damn stupid??

I feel sorry for this guy somewhat, but if you don't understand how the FDIC works then it is no different then your auto, health or any other insurance.

-Brendan

[/ QUOTE ]

No I didn't read the report. I just post random comments with random links. You [censored]. I was just showing you one example of what happens when you chase a yield. He switched banks to make an extra few tenths of interest and he got [censored]. I am relating this to hedge funds because that is exactly what they did with the subprime paper. They chased high yield paper and now they are going bellyup.
Over a trillion dollars are going to be lost.