The coming bank failures

There will be numerically less failures than during the S&L crisis. But banks are much larger now.  So the damage may well be worse. So, how do you protect yourself? Bank with a huge institution like BofA assuming it is too large to be allowed to fail, buy gold and guns, do something else?

  • Sue

    Make sure that all of your deposits with the bank(s) are FDIC-insured. Do *not* buy uninsured bank products. Do *not* buy bank stocks or bonds.

  • DJ

    Keep some cash at home. FDIC will get you your bank balances back– eventually. In the mean time, make sure you’ve got enough cash to live on in an emergency.

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