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The guy had some bad luck for sure. He made some very bad decisions and it caught him.
There simply is no valid reason at all to not trust a bank or credit union. The bank is responsible for the security of your funds and the Federal Government insures it.
There is simply nor valid reason to NOT have adequate insurance. If you don't you are self insured and take the risk on your own.
I feel sorry for the man. He is paying the full hard price for his ignorance and bad choices.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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