Submitted by Bearish bull on Wed, 07/16/2008 - 19:06.
Great to have you back cartooning Kahunabear!
I notice that there are only three getting their money out of the bank
(Kahunabear and two not-so-dumb sheep)
I guess the rest of the flock think the bank is "too big to fail"
so they will leave their money where it is and will, like all good sheep, get fleeced if not outright slaughtered.
An FDIC promise to cover $100,000 of depositor's money is comforting, until you consider that the FDIC doesn't have enough reserves to cover a majority of banks going under, and how good is a government's promise nowadays anyway?
Some say as many as 200 banks may go bust because of this mess, there is no way even half of those failures could be covered by the FDIC.
Brilliant!
Brilliant!
Kahuna - canned food is a
Kahuna - canned food is a safer bet than fresh food, given salmonella scare. Good choice.
DKS
Smile - Life is Good
Yes, and the canned meats
Yes, and the canned meats are so tasty.
Great to have you back
Great to have you back cartooning Kahunabear!
I notice that there are only three getting their money out of the bank
(Kahunabear and two not-so-dumb sheep)
I guess the rest of the flock think the bank is "too big to fail"
so they will leave their money where it is and will, like all good sheep, get fleeced if not outright slaughtered.
An FDIC promise to cover $100,000 of depositor's money is comforting, until you consider that the FDIC doesn't have enough reserves to cover a majority of banks going under, and how good is a government's promise nowadays anyway?
Some say as many as 200 banks may go bust because of this mess, there is no way even half of those failures could be covered by the FDIC.
I really like your toons
I really like your toons Kuhanabear. I have followed them since 2007 and shown many of them to fellow investors in Sweden and Germany,
Greetings from Sweden/
Invest
Hey, thanks a lot!
Hey, thanks a lot!
...PS A toon says more than
...PS A toon says more than hundred words...
Hooray, a new cartoon! And
Hooray, a new cartoon! And a good one. Much thanks.
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