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Originally Posted by Eagle Eye
While we are bitching about the profits that Oil and Gas companies make, why don't we question the huge profits that the freaking banks make?
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The difference is this- let's say Shell goes belly up tomorrow. What will happen to most people? Maybe a 1 block further drive to buy gas.
A bank goes belly up; how much fun will it be for you to get your money out from them?
Yes, odds are neither is going to happen. But I feel comfortable with my savings account knowing full well that at no point am I going to go pull out my couple of thousand dollars and find the doors locked and a sherrif's note on the door.
Weren't there a number of banks that went bankrupt in the 80's in the States?