gung: As Doug says,I believe you can have more than one FDIC insured account as long as they're in separate institutions; I don't know if there's a limit on the absolute number of such insured accounts that one person can hold. I also understand there's a higher FDIC (or other US Gov't Agency) limit on insured IRA accounts, but I've never checked. BillKCG's: Schumer (who used to be the Dem's hatchet man, and maybe still is) just accelerated the inevitable with IndyMac; as things stand, with it's losses, no one could've saved it. Trad Frmr: I wish it was just deadbeats; if you'd like a rundown on how the whole industry ran amok, from the neighborhood "mortgage originator" to the geniuses of greed on Wall Street, see F Wm Engdahl's 5-part piece on his website. There's also a concise history of our bubble on patrick.net, but I'd have to look up the entry. Like the pilot says: "Tighten your seat belts; there may be turbulence ahead..."
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Today's Featured Article - Tractor Proflie: John Deere Model R - by Staff. The John Deere Model R, the last of the lettered tractors, was the first diesel-powered tractor produced by John Deere with a gasoline starting engine. It was also the first tractor they produced that had an optional steel cab. The photo above shows the tractor w
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