tag:blogger.com,1999:blog-7441100604804334347.post2224620763811407363..comments2023-09-13T06:52:37.354-04:00Comments on HingeFire: The Meltdown: IcelandGregBhttp://www.blogger.com/profile/12293381702242782550noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7441100604804334347.post-30068999190706275422008-04-23T19:49:00.000-04:002008-04-23T19:49:00.000-04:00It is obvious that the island’s central bank does ...<I>It is obvious that the island’s central bank does not have the liquidity strength to bail out any of the nation’s larger floundering banking institutions, effectively leaving banks un-backed.</I><BR/><BR/>Do you perceive our problems to be as big (40% stock decline, 25% loss in USD value) ? And if big banks are so insolvent and FDIC insurance turns out to be a hoax (is this possible), then we have a situation where money in bank is not safe. What do people do in times like that ? Stuff cash under pillow ? I would also suspect law and order situation to be pretty bad - civil riots/unrest. Any comments ?Anonymousnoreply@blogger.com