Yeah, I understand not wanting to take a chance. But if everyone just pulls their money out willy nilly because joe analyst says that the company might be in trouble if people start pulling their money out, then it becomes a self-fulfilling prophecy. And then everyone moves to some other bank and the cycle repeats again when joe analyst writes the same thing about that bank. That opinion was actually quite silly when you think about it — “If people start pulling all their money out, then e-trade could be in trouble!” No s*** sherlock, the same is true for any bank. I wonder how much he gets paid to write those little pearls of wisdom.
Again, if you have faith in the FDIC insurance there should be nothing to worry about. If you don’t have faith in it then it will be hard to find a safe place to put that money…
