Do you feel your money is safe?
July 15, 2008 10:59am CST
With financials facing a slumping credit crisis, and the IndyMac situation; do you feel your money is safe? Many customers' of IndyMac stood in line to withdraw their savings; concerned that failure of the bank would tap a hold on their accounts. That type of scenario could happen should a bank file bankruptcy. Bear Stearns with a take over from JP Morgan, backed by the Feds. Do you think that the Feds' should shore up faultering banks with taxpayers money? I think we have no choice but to help the banks, the mortgage practices should have been monitored and watched now are creating a crisis for our country and we are left to deal with the outcome of a broke economy and higher inflation. As for my money, fo O can get to it before the bank closes, it will be put some where between the matress.