wabmester said:How does a bank make money when they pay more on the short end than they can get on the long end? At those rates, I'd feel like I was making a bet on whether the FDIC will really pay off on their insurance claims. Do you already bank with these guys, MJ?
Yes. I have several CDs.wabmester said:Do you already bank with these guys, MJ?
At those rates, I'd feel like I was making a bet on whether the FDIC will really pay off on their insurance claims.
MJ said:I need them to protect my bunker which is filled with 5 years of food, water, books, and video tapes.
MJ said:Yes. I have several CDs.
If there was any concern that FDIC would default, I'm prepared. I have build around my propety 30 feet electric fences with machine gun towers that are hidden underground and can be raised at a moments notice when the riots begin. I need them to protect my bunker which is filled with 5 years of food, water, books, and video tapes.
Laurence said:Video tapes Party at your bunker! But I thought the tribulations were 7 years?
MJ said:I didn't want to make it sound like I was going to have such a great time but there will be a small number of female guests to help me eat the food, wine and watch those "National Geopgraphic" videos. My guests may be my toughest challenge to survive this financial ordeal.
This answer could be transfered to the "what do we do all day" thread.