Quote:
Originally Posted by tony404
Banks are insured if you didn't know.
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the indy mac failure ate 10% of the FDIC fund...
the fdic could only handle 1 large bank failure and after that the FDIC fund would be empty..
anyway, the currency markets opened tonight with some huge moves.. the dollar got hit especially hard against the yen.. however, it seems to be bouncing back..
japan is closed because of holliday. when europe comes online tonight we will see what going to happen..
monday morn is going to be wild for sure...