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Originally Posted by randallscott35
Let people continue their false sense of FDIC etc....Electronic bank runs have already happened when MM funds broke the buck back in Sept '08.
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Are you maintaining you'll never get FDIC insured money if there is a run on a bank? Yes, the bank may run out of cash and go broke,and you may not get your money that day, but you'll get your FDIC insured money back. You say no? Did people not get their FDIC money back with MM Funds? Or was that not FDIC insured money?
Seriously - I'm not willing to go back to the 1700's, with all of us carrying around bags of gold protected by our guns.