John Burns - 3/30/2013 17:03 Yeah, how would you like that plan? You have a few hundred grand or million in the bank to plant next years crop because you have got or stayed out of debt and right before planting you learn the bank has failed and now you are the proud owner of equity in a failed bank. No money to plant crops but you have worthless equity. Even if you had the money spread around to different banks to keep below the FDIC insurance level, if they ignore the insurance, you could still end up with 90%, 80% 70%, 50% or whatever portion of your money left depending on what the powers that be think the new bank should be capitalized at. Having a hard time reading your tone on this one John ? Was that directed towards me because I have advocated getting /staying out of debt ? or just a general comment on a what if situation ? Just seemed to have a little more "edge" to it than usual. Don't wish to irritate or start an argument. We may have somewhat differing views on some things but I understand and respect all your posts and input and your accumulated wisdom which far exceeds mine in these matters. That is a good thing because you make me think of things in different ways which is always good for a complete and well rounded view of events. Maybe I'm reading much more into this than I should if so I will apologize in advance. I know the frustration level is amping up with seeing this stuff going on and nobody listening or getting concerned. Bad thing about the internet is not being able to convey tone properly. I'll answer it though. Inputs were paid for in Dec. long before any of 12 harvest was sold. I don't wait until spring/planting time to start buying needs for this years crops. So in that scenario if they seized accounts I would still have directly convertible goods to still put out this years crops even if I did not have my inputs paid for. I can see where your above scenario could happen and put people in a bind. Of course I'm not saying my move is very smart either I'm likely still in the same boat of being an unsecured creditor for farm inputs that I can't take physical delivery of too. No disrespect intended here I value your opinions greatly just wanted to make sure my views had not become irritating to you. | 
First Cyprus, then Canada now FDIC ?
