Long year at Bernie's ahead.............from Rico

"Weekend at Bernies" (the movie) was funny, considering Bernie was dead the entire film.

The year ahead (we can 'wish' and 'hopey-changey' it would only be a weekend with a dead guy) will be spent with a dead FDIC.

Bernie Madoff would be so proud of this Ponzi scam! The FDIC with a fund of $20.8 billion is "insuring" $5.3 trillion in actual bank deposits. Gee, I feel safer now.
- It's game over if enough people demand their cash deposits be returned to them...there isn't enough money to 'spread around.'

At least Vikram's customers at Citi won't have to worry about it. Not after Citi circulated their memo to depositors saying they "may" have to wait a week for their on-demand cash deposits to be redeemed.

Think about it. On demand. Cash on deposit. That really ought to make you not walk away...but run-like-hell away from Citi.