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Faisal · Oct 9th, 2008, 08:20 PM

By the way, Paulson said he expects few more banks to fail. So
#1 don't keep all your eggs in one basket (especially if the basket is a small regional bank). Regardless of how good a service you get from the cute lady behind the counter.
#2 note this down: Bank of America. Yes, its too big now and no one will let it fail.
#3 safest vehicle to safeguard your money: your mattress. Ok, I kid again. But FDIC limit is now $250k. Most of you will be ok if you try not to be too greedy or overly smart. Don't listen to the television financial pundits (invariably all of them are ganjas, if they are male) who are saying "now is the time to buy". Realize they are trying to navigate a herd of sheep (thats you) to start buying so market declines can be stopped. Lets others be the guinea pig. Wait it out.

Oct 9th, 2008, 08:20 PM	#13 (permalink)
Faisal Kher Andesh Join Date: Sep 9, 1999 - 3:00 pm Location: California Posts: 23,309 Blog Entries: 9	By the way, Paulson said he expects few more banks to fail. So #1 don't keep all your eggs in one basket (especially if the basket is a small regional bank). Regardless of how good a service you get from the cute lady behind the counter. #2 note this down: Bank of America. Yes, its too big now and no one will let it fail. #3 safest vehicle to safeguard your money: your mattress. Ok, I kid again. But FDIC limit is now $250k. Most of you will be ok if you try not to be too greedy or overly smart. Don't listen to the television financial pundits (invariably all of them are ganjas, if they are male) who are saying "now is the time to buy". Realize they are trying to navigate a herd of sheep (thats you) to start buying so market declines can be stopped. Lets others be the guinea pig. Wait it out. "Let your friends underestimate your virtues. Let your enemies overestimate your faults." - Godfather.