Are bank accounts really safe?

Quote from TGregg:

One would be wise to buy some hard assets that the feds cannot inflate to zilch. Gold is already nuts, any other ideas?
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It is already nuts yes, but has the chance to get even nuttier. It just seems like at least putting some of your cash in gold or silver is only prudent at this stage.
 
Quote from gnome:

Up to FDIC insurance limits are safe. They'll print as much money as necessary if required...
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My question is even though the accounts are FDIC insured I wonder how long it would talk to actually see your money.

Having to wait more than a few days could create HUGE problems for individuals and business.

Was there any delay for the people at Indymac???
 
Does anyone see this whole situations as a black swan? Maybe not in the sense of getting long and holding, but at least for a short term swing (call it a dark gray swan).

I think there are a lot of scare tactics being used, and this kind of stuff is common at market lows. We haven't even tested the lows of last wk (es), there are restrictions on shorting, etc.

As much as I don't like Neil Cavuto, he said earlier today (speaking to jack welsh) that the Fed's wkly lending has been increasing and jack's argument was that he spoke w/ 7 companies who claimed their orders have been down.

I'm no economist, and maybe the GOV needs to do something, but it sure smells fishy.
 
Yes - under 100k they are. FDIC works (so far) eventually this might change :)
Quote from MiniDowTrader:

I get the feeling that I should be at my local Susquehanna Bank branch this morning withdrawing a few grand in case things get really bad between now and Monday. Any thoughts?
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