I wouldn’t be excited if I had a couplle hundred thousand in the bank.. and it was in limbo for months or years while the FDIC sorted out the mess.. that would be a time when I would want as much cash as possible to scavenge/survive the markets.

“Not all economists think that the FDIC is a good idea. The main fear of its critics is that the government will, for very large banks (which they consider “too big to be allowed to fail”), use the FDIC fund money to “bailout” a large bank, rather than letting it fail and paying the up to $100,000 amount per depositor. These economists believe that free market political decision making in this matter will lead to the best net result, and that there is not enough money to adequately use FDIC funds to “prop up” banks. Some advocate privatizing the FDIC insurance money, with the caveat of not allowing the “too big to fail” system. These critics mostly believe that the current FDIC insurance would fail as did the FSLIC, and would require a bailout from the government.”
http://en.wikipedia.org/wiki/FDIC

“Americans are spending everything they’re making and more, pushing the national savings rate to the lowest point since the Great Depression.

Soaring home prices apparently have convinced people they don’t have to worry about saving, a belief that could be seriously tested as 78 million baby boomers begin to retire. “
http://www.breitbart.com/news/2006/01/30/D8FF6D700.html

Anytime we break Great Depression records.. I’m going to get skittish! 🙂