- Location
- Grand Marais, MN
Wall Street Journal:
SEPTEMBER 18, 2008 Worst Crisis Since '30s, With No End Yet in Sight
They could probably tone it down a little, wouldn't you think? You know, avoid panic and all?
About this time, way back then, my Pa's family ran to the bank and withdrew all their money. Three days later, he told me, the bank closed. They had a relative in New York who gave them the heads-up. They were in Iowa, Gramps was in Germany visiting and tried to get back but couldn't. There was no depositor's insurance then.
Today we have FDIC, but that money was used yesterday and this morning. All of it.
So, who thinks we should empty out our saving's accounts today and tomorrow?
SEPTEMBER 18, 2008 Worst Crisis Since '30s, With No End Yet in Sight
They could probably tone it down a little, wouldn't you think? You know, avoid panic and all?
About this time, way back then, my Pa's family ran to the bank and withdrew all their money. Three days later, he told me, the bank closed. They had a relative in New York who gave them the heads-up. They were in Iowa, Gramps was in Germany visiting and tried to get back but couldn't. There was no depositor's insurance then.
Today we have FDIC, but that money was used yesterday and this morning. All of it.
So, who thinks we should empty out our saving's accounts today and tomorrow?