[Alberta's Child]

I have been pointing this out for days. If a bank’s business customer has to worry about the $250,000 FDIC cap, much of the nation’s economy is going to grind to a halt.

You probably can’t even cover the biweekly payroll run for 50 employees with $250,000.

[cgbg]

“If a bank’s business customer has to worry about the $250,000 FDIC cap, much of the nation’s economy is going to grind to a halt.”

This is true—but why was this not the case in earlier large bank runs and closures?

What folks are missing is what is different this time and why the Feds had to act.

The sharp investors know what is different this time....

The entire world economy is vastly over-leveraged and is super fragile—anything could bring on total collapse.

The Fed needs to put a finger in the dike for even the smallest drip.

That is what raw fear looks like.

[griswold3]

Best advice I’ve heard is to invest in 1 month Treasuries for security if you’re over the limit.