Re: TI-H: Re: y2k
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Re: TI-H: Re: y2k
that's why now we have the FDIC in the US
--- RoniBarrett@aol.com wrote:
>
> In a message dated 12/30/1999 12:23:28 AM Eastern
> Standard Time,
> byucnslr@yahoo.com writes:
>
> << well think about this way...
> if the bank system did crash then they'd owe us
> money
> becuase they wouldn't be able to pay it off. and
> by
> the time everyone puts their money back into the
> bank
> we'll be rolling in dough
> >>
> People said the same thing when the first bank
> collapse (Panic of 1837). But
> things dont work that way, when a bank doesnt have
> money, they go out of
> buisness in short order. The only people that are
> rolling in dough are the
> ones who borrowed money, and now have no one to pay
> back. The rest of us get
> exactly what we had in, with a limit of $100000. Tip
> for all you rich folks:
> never keep more than 100 grand in one account!
>
> Jeff Barrett
>
>
=====
BYuCnslr
:-)
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