I was disappointed to see this paper engage in fear mongering.
I was disappointed to see this paper engage in fear mongering. The full page ad asserted home safes are safer than banks, capitalize on fear. Frightening gullible people into believing banks are less, is irresponsible. At first I thought it was a news story, but then realized it was an advertisement. My only connection with a bank is keeping money, important papers and photos safe. If you had these in a safe and someone tried to rob you they would probably force you to open it. They are usually armed and don’t take no for an answer. The FDIC insures deposits up to $200 -$250 thousand dollars, I believe. While a bank might not be able to give everyone their money on demand, they would be able to in a day or two. If the government goes broke we are in a lot of trouble. I’m sure they won’t as long as they can raise taxes. Until the economy gets better I hope I don’t read about someone losing their money substituting a safe for a bank.