Originally Posted by RedShoe

Should we take our money out of the banks and put it under our mattress? They said people were already starting to make a run on banks. My Bank went from $45 a share down to $2.02 in less than a year. Should this be a sign that Washington Mutual is on the brink of a collapse?

On the news it said the FDIC had 50 Billion to cover the banks but that they were expecting they'd need 1 trillion to cover the banks.

Meaning... there was no where near enough FDIC money to cover us.

So...

What do we do?