Quote:
Originally Posted by beepbeep
I would pull all out and put it into ordinary savings account in some ordinary bank that doesn't gamble too much with derivatives. The quicker the better.
It sucks to be last in line if/when "bank run" takes place.
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How do u pick the bank? How do you know they are not carrying some bad assets themselves and they are just a ticking bomb?
Most of this stuff is OTC and off the balance sheet. There is no way you can figure out how much they have and where they are marking it.
This is the problem. There is potentially NO safe bank out there.