Um, is it time to run to the bank yet?

[NightWatcher]

Does anyone else get the feeling that either right before or right after this November, everything is gonna crash and crash hard?
I think that this year's Hurricane Survival Kit will include about three months of food and supplies instead of the usual one month.

__________________________________________________________
http://rawstory.com/news/2008/US_banks_quietly_borrow_massive_amounts_0219.html

US banks quietly borrow massive amounts from Federal Reserve
Reuters.

NEW YORK (Reuters) - Banks in the United States have been quietly borrowing "massive amounts" from the U.S. Federal Reserve in recent weeks, using a new measure the Fed introduced two months ago to help ease the credit crunch, according to a report on the web site of The Financial Times.

The newspaper said the use of the Fed's Term Auction Facility (TAF), which allows banks to borrow at relatively attractive rates against a wide range of their assets, saw borrowing of nearly $50 billion of one-month funds from the Fed by mid-February.

The Financial Times said the move has sparked unease among some analysts about the stress developing in opaque corners of the U.S. banking system and the banks' growing reliance on indirect forms of government support.

[donsu]

1. almost time

nt

[monktonman]

2. Love your avatar!

Iko, Iko indeed!

[jtrockville]

3. I've honestly considered it. If I do, I want my dough in EUR or CAD.

[sarcasmo]

7. Gold maybe a better choice. It will help you get out of this Country when we are locked down thanks

To Martial Law.

[we can do it]

10. Its A Little Bit Heavy To Carry, Though

[bvar22]

12. Gold also doesn't taste very good,

and is hard to chew.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=246x5729

[leftofthedial]

4. we the people need to take to the streets

but not necessarily to run to the bank

repukes have devastated this country

[NNN0LHI]

5. My bank of 20 years hit me up for some "fee" for not using my savings account

I am thinking they must be hurting. They have never charged me fees in the past. And if they did they always reversed them. The feckers kept my 7 bucks this time. Something doesn't seem right.

Don

[Amonester]

6. RW's Corpo-communism done in secret hidings.

GOP's gotta keep the Enron-type defrauders defraudin'

[Zynx]

8. Absolutely not.

Your deposits are safe and to incite panic like this is only harmful.

[NightWatcher]

9. I did not mean to incite panic, but used the 'catchy' title to draw attention

I have, however contemplated shifting any future holdings away from cash money US greenbacks to something else.

[sicksicksick_N_tired]

11. IF ONLY that meant the tables turn and I GET TO COLLECT FROM THEM!!!

:woohoo: THAT would be fun!!!! :woohoo:

[fascisthunter]

13. time to burglarize the wealthy en masse

[roamer65]

14. They'll just limit withdrawls in a crisis.

Capital controls, basically. Don't expect to get all of your money at once. They'll stop it.