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Originally posted by Karlhungis
I hate to be a part of the problem here but I really don't want to be caught with my pants down when the time comes. I am considering pulling my money out of the bank. I know that everyone says not to and how it will only contribute to the problems we are facing, but it feels pretty irresponsible to my family if I just leave it in there hoping that everything will just "work itself out."
The market just dropped below 7,000. The S&P is on the edge of dropping below 700. Our best economists are predicting massive bank failures this year. AIG just announced the largest single quarter loss in history and is about to get propped up again. Things are bleak and I would probably feel safer with my money in my house than in a bank.
Am I alone here?
Originally posted by sezsue
reply to post by j2000
Over in England, they have a little known clause in their mortgage contracts, which allows them to send notice and demand the WHOLE mortgage note to paid off within a certain period of time, for ANY reason.