Wednesday, October 01, 2008

Silent Run

As Roubini says, anyone with an account larger than $100K (individual) somewhere has good reason to be concerned about that money. That concern is probably causing many to shift funds, potentially exiting the system. And that extraction of funds could be causing problems.

I think raising the FDIC limit to $250,000 is a good idea anyway, but it's also perhaps an important thing to do soon.