Re: TI-H: Re: y2k


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Re: TI-H: Re: y2k




In a message dated 12/30/1999 12:23:28 AM Eastern Standard Time, 
byucnslr@yahoo.com writes:

<< well think about this way...
 if the bank system did crash then they'd owe us money
 becuase they wouldn't be able to pay it off.  and by
 the time everyone puts their money back into the bank
 we'll be rolling in dough
  >>
People said the same thing when the first bank collapse (Panic of 1837). But 
things dont work that way, when a bank doesnt have money, they go out of 
buisness in short order. The only people that are rolling in dough are the 
ones who borrowed money, and now have no one to pay back. The rest of us get 
exactly what we had in, with a limit of $100000. Tip for all you rich folks: 
never keep more than 100 grand in one account!

Jeff Barrett