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Reply #30: So where do you put it? You can't possibly spread it around enough to be fully insured. [View All]

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Hassin Bin Sober Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 09:57 PM
Response to Reply #21
30. So where do you put it? You can't possibly spread it around enough to be fully insured.
Edited on Wed Jun-29-11 10:00 PM by Hassin Bin Sober
Where do you put 100 million if you have, say 20 or 30 times that amount - 2 0r 3 billion?

You couldn't possibly split it up in 250k pieces. There aren't enough banks in the country.

Me? I would place a bunch with Goldman Sachs - cause they own the government and they aren't going down -by hook or by crook. But I wouldn't place it ALL there.

So that's gotta leave some 100 million dollar chunks floating around in, I would assume, financially solvent and hopefully stable banks. I would assume the depositor would have to do some research.
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