[Boomer]

Just this morning I started this thread in case anybody might be interested in reviewing their own understanding of FDIC insurance and how it applies to different types of accounts, the ownership of those accounts, and the amount of coverage possible in one bank.

So I posted and I did not look back -- until just now.

Well, guess what. One of the rules has changed since this morning. How creepy is that? It appears to be a change for the better but who knows. It has to do with revocable trust accounts and I did not read the explanation all that closely. There is something in it about "confidence" in the system and all that nonsense. The fact that it is a "change" does not give me confidence. It creeps me out. I know. I know. They say it is OK. But gee, my confidence is somewhat lacking right now.

In my opening post at about 8:00 this morning, I actually said, "Just providing a little information that is here today. Who ever knows about tomorrow." That is what I said here. Twelve hours ago. And the information has changed already.

What will tomorrow bring?

And about this meltdown in general -- you know, I have heard this thing called "stupidity" on the part of the banking system. This does not look at all like stupidity to me. This looks like pure evil.

I have talked to a lot of people this week. There is a heap of hurt out there.

So anyway, if you were interested in this morning's link, and you did not see that change in the rules, you might want to have another look. It might not be a bad thing. But it is a change. -- and it happened within hours. And these recent hours have not been just any hours.

Boomer