Great! I have my piddling life savings (which, being disabled I'm living off right now) at WaMu. Do I move it to another bank that may also fail? Or leave it. Few Americans know that FDIC insurance actually only pays around 10 - 20% of the funds in the bank when it fails.
At a financial conference in Florida on Tuesday, Hale, a Chicago-based economist for investment managers, hedge funds and multinational companies, paraphrased the Fed chairman's response. "We have lost control," said Hale, quoting Bernanke. "We cannot stabilize the dollar. We cannot control commodity prices."
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Date: 2008-09-18 02:41 am (UTC)(no subject)
Date: 2008-09-18 01:46 pm (UTC)(no subject)
Date: 2008-09-18 03:23 pm (UTC)Crap.
Date: 2008-09-18 02:40 pm (UTC)(no subject)
Date: 2008-09-18 04:18 pm (UTC)http://www.chicagotribune.com/business/chi-wed_oilsep17,0,4833605.story