A suggestion for those of you who own dollars.

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You may have heard that IndyMac bank collapsed last weekend, leaving the deposits of their customers in jeopardy. It got so bad that the cops were deployed to prevent a riot from breaking out at some branches

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[ishldgetoutmore]

My original bank (United Jersey) was gobbled up by Summit, which was eaten by Fleet, which has become Bank of America. If BoA fails (which, considering they purchased my mortgage lender Countrywide, seems more likely than it used to), I hope it'll be after some of the financial pressure is off the system as a whole.

Fortunately (?) most of my money is tied into high-risk stocks and funds.

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I had the same thing happen with my NatWest account. It looks like BofA is doing OK, seeing as they had a lot of input on (i.e. wrote) last month's bank bailout bill.