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To: Tammy8

This is something that is only opinion and can’t be proven one way or the other. But many people don’t even use banks, and many believe they are insured (do you?) up to $100,000. There are simply many people who pay little attention to the news and politics until they are directly affected. There are 300,0000,000 people in the US, but if we added up the total audiences for all the evening news shows, broadcast and cable, we’d scarcely get to 60,000,000.


1,542 posted on 09/24/2008 5:35:27 PM PDT by Will88
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To: Will88

The people that run this country all use banks. Those that employ any real number of people all use banks. People who make any real contribution to the economy of this country all use banks at some point. Everyone that really counts as far as the economy is concerned uses a bank.

Do I believe my money in the bank is insured by FDIC, well of course- do I believe I can rely on them to pay out the full amount or possibly any amount in the case of major bank failures? NO. My grandfather thought he was secure during the Great Depression because he was holding a lot of government war bonds from WWI and other governement bonds. He was wrong. When he went to cash them in as times got tough for him he was paid pennies on the dollar and told if he didn’t like it he needed to hold them longer.

This is why I think it is vital to our economy for congress to work out some plan to head all this off, and keep working on the problems night and day until they have the issues dealt with and faith in our economy is restored.


1,565 posted on 09/24/2008 6:13:19 PM PDT by Tammy8 (Please Support and pray for our Troops, as they serve us every day.)
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