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The Water Cooler
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Maybe banks will loose all their customers.
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<blockquote data-quote="Cowbaby" data-source="post: 3634989" data-attributes="member: 46875"><p>Light years ahead of this puddin brained idiot.</p><p> I deposit just enough to cover my bills every month and that is it. There is no need for me to have any substantial amount of money in a bank any longer with negative real rates of return and a FICA deposit guarantee system that has nowhere near the funding to cover deposits. Don't think it can't happen. In Cyprus they bailed in customer deposits to cover a banks debt a few year back. Numerous places where customers have been locked out of their accounts. 2008 changed the game for me.</p><p></p><p>And no I don't worry about security of my money either.</p><p></p><p>I once had a sales person cold call me about installing a security system on my house. She asked if I already had a security system? I answered, yes. She then said if I minded she ask what brand of security system I had? I replied that it was Ruger brand 44 Magnum. And you know what? Ever since I installed it I have not had a single tiny problem, Because if there is one thing a coconut headed criminal hates and understands, it is a big shiny pistol with a hole he can stick his finger in and the end of 5 more lookin at him.</p><p></p><p>She Hung up on me! Kinda aggravated me too because I didn't even get to tell her about the rest of my collection. LOL</p></blockquote><p></p>
[QUOTE="Cowbaby, post: 3634989, member: 46875"] Light years ahead of this puddin brained idiot. I deposit just enough to cover my bills every month and that is it. There is no need for me to have any substantial amount of money in a bank any longer with negative real rates of return and a FICA deposit guarantee system that has nowhere near the funding to cover deposits. Don't think it can't happen. In Cyprus they bailed in customer deposits to cover a banks debt a few year back. Numerous places where customers have been locked out of their accounts. 2008 changed the game for me. And no I don't worry about security of my money either. I once had a sales person cold call me about installing a security system on my house. She asked if I already had a security system? I answered, yes. She then said if I minded she ask what brand of security system I had? I replied that it was Ruger brand 44 Magnum. And you know what? Ever since I installed it I have not had a single tiny problem, Because if there is one thing a coconut headed criminal hates and understands, it is a big shiny pistol with a hole he can stick his finger in and the end of 5 more lookin at him. She Hung up on me! Kinda aggravated me too because I didn't even get to tell her about the rest of my collection. LOL [/QUOTE]
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