Thursday, May 20, 2010

Toxic CDOs Beset FDIC as Banks Fail

http://online.wsj.com/article/SB10001424052748704314904575250811941096220.html?mod=WSJ_Heard_LEFTCarousel

Socialism will fail during the coming period ahead.  It never has worked as an economic/political system, and it won't work here either.  Runs on the bank will happen again and the FDIC won't be able to protect their banks.  Expect higher limit guarantees ahead in order to prevent runs, but don't fall for it.  Return here in the coming weeks to understand how you can protect yourself and your assets.

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