gung: As Doug says,I believe you can have more than one FDIC insured account as long as they're in separate institutions; I don't know if there's a limit on the absolute number of such insured accounts that one person can hold. I also understand there's a higher FDIC (or other US Gov't Agency) limit on insured IRA accounts, but I've never checked. BillKCG's: Schumer (who used to be the Dem's hatchet man, and maybe still is) just accelerated the inevitable with IndyMac; as things stand, with it's losses, no one could've saved it. Trad Frmr: I wish it was just deadbeats; if you'd like a rundown on how the whole industry ran amok, from the neighborhood "mortgage originator" to the geniuses of greed on Wall Street, see F Wm Engdahl's 5-part piece on his website. There's also a concise history of our bubble on patrick.net, but I'd have to look up the entry. Like the pilot says: "Tighten your seat belts; there may be turbulence ahead..."
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Today's Featured Article - When Push Comes to Shove - by Dave Patterson. When I was a “kid” (still am to a deree) about two I guess, my parents couldn’t find me one day. They were horrified (we lived by the railroad), my mother thought the worst: "He’s been run over by a train, he’s gone forever!" Where did they find me? Perched up on the seat of the tractor. I’d probably plowed about 3000 acres (in my head anyway) by the time they found me. This is where my love for tractors started and has only gotten worse in my tender 50 yrs on this “green planet”. I’m par
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