1,000 banks could fail
Bob Morris @ Aug 18th 2008 12:51 - Category: Credit crisis
So says billionaire LBO specialist Wilbur Ross.
This is probably a real good time to not have over the insured amount (generally $100,000) in any bank, especially not in a small bank.
The FDIC quite rightfully says no one has lost a penny in an insured account since they began in the 1930’s.
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Jeff McNeill on 18 Aug 2008 at 1:17 pm #
…since they began in the 1930’s… heh…