A Plea to Those Still Dependant Upon the Banking System, by G.S.
Recently, I discovered the last local bank in the area is being bought by a bank with eight times more exposure to derivatives. As I attempted to explain the dangers of this increased exposure to my family one evening, I realized my father may have more than the current FDIC insured limit stashed in this one bank. In an attempt to make the case for him to at least spread out his savings, I have been researching the many reasons he should consider changing where his money is kept. I believe it is important for everyone to recognize the danger …