Originally Posted by Brian Austin Whitney
By the way, my bank National City, seems to be the next to be on the verge of going down. They lost 72% of their value yesterday. I wonder if I should cash out my money and put it under a mattress somewhere? Perhaps I should buy a gun as well! = )

I know of people who are not in shaky institutions who have already done exactly that. Then they asked me if I thought they were paranoid. I replied, whatever floats your boat. Want to make a bank fail? Get more than 50% of the people with a decent amount of money in it to all go and pull out their money in cash. Money is only as good as it's perceived value, at least in America because it's backed by nothing.

I'm betting no one took the time to watch the video I linked to in the AIG thread. It will fully explain what is going on, in terms a non financial person can understand.

Other markets didn't blink?!? I guess we're not looking at the same news. The BBC stated otherwise, as did Fox and CNN. That's not to say they won't recover, but they did blink.

Jody Whitesides
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