Paul Lamont (SafeHaven yesterday) gives sound tips on how to prepare for a serious financial crisis.
One of the points he makes is that in the USA, the Securities Investor Protection Corporation may have no more than $3.4 billion available to protect depositors' losses, compared with anything up to half a trillion potential losses in the current credit crisis.
Here in the UK, depositors are protected by the government, up to a point; but who knows what the government might do if seriously financially challenged.
No comments:
Post a Comment
Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!
Say what you please, so long as it's phrased politely and is not libellous or legally proscribed. Fact, reason and wit are keenly welcomed.