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#1
08-24-2007, 07:55 PM
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how likely is a run on the banks?
ive read other investing forums and some are saying a run on the banks are possible
also i have money sitting in a money market account with smith barney that is not fdic insured, how risky is this? 
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#3
08-25-2007, 11:22 PM
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Re: how likely is a run on the banks?
[ QUOTE ]
why would there be a run on the banks? what is the reasoning of the other forums. I see no reason for one. [/ QUOTE ] As has been pointed out there was a run on CFC but that was sorted out with the BAC predatory investment and fed assistance. As for reasoning, people are panicy creatures, sometime rightly and sometimes wrongly, we will see which. As for our resident corn farmer's screed on metals, I've always thought that if the [censored] got that bad, bullets and canned food would be your best asset choices. J
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#5
08-24-2007, 08:35 PM
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Re: how likely is a run on the banks?
[ QUOTE ]
ive read other investing forums and some are saying a run on the banks are possible also i have money sitting in a money market account with smith barney that is not fdic insured, how risky is this? [/ QUOTE ] i seriously doubt there'd be a bank run. what is the logical reason that there'd be a run on banks? Barron
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#7
08-24-2007, 10:59 PM
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Re: how likely is a run on the banks?
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Most people are in debt anyway. No one saves anymore. With a credit based inflationary monetary policy, you need to be borrowing as much as you can handle, maybe more. [/ QUOTE ] explain? i need to be borrowing the max i can? why?
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#8
08-25-2007, 12:47 AM
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Re: how likely is a run on the banks?
[ QUOTE ]
[ QUOTE ] Most people are in debt anyway. No one saves anymore. With a credit based inflationary monetary policy, you need to be borrowing as much as you can handle, maybe more. [/ QUOTE ] explain? i need to be borrowing the max i can? why? [/ QUOTE ] short answer: dollar declines in value and inflation increases, making the $$ you borrow now worth much less in the future. i don't agree tho
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#10
08-25-2007, 05:42 PM
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Re: how likely is a run on the banks?
[ QUOTE ]
[ QUOTE ] Most people are in debt anyway. No one saves anymore. With a credit based inflationary monetary policy, you need to be borrowing as much as you can handle, maybe more. [/ QUOTE ] explain? i need to be borrowing the max i can? why? [/ QUOTE ] I was kind of joking when I wrote this. I think saving is always a good idea. If you can borrow at a rate lower than inflation, then you should borrow, because you can pay it back when money is easier to get. This is like how people take advantage of the 0% balance transfer credit cards.
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