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Author: desertdaveataol Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1109  
Subject: Lots of questions about insurance Date: 11/16/2008 6:17 PM
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Another local team game on the radio Saturday. I listened to about an hour and a half today, Sunday, and here's my take on what was said. Keep in mind that I may have misheard Bob and that I may have misunderstood what I did hear.

Lots of questions about insurance and the survival of
insurance companies today.

I noticed Bob is still being careful to include the phrase "FDIC insured" with his advice on buying CD's and on bank accounts.

Bob pointed out that the NCUA covers credit union deposits & CD's just like the FDIC covers bank deposits and CD's.

Callers are (justifiably) upset with the way the government has mishandled the economy and the bailout.

The banking system is not cooperating with government efforts to stimulate the economy.

Says we don't have to worry about inflation right now.

Home buyers should bargain hard with "low ball offers... you have all the cards right now".

I disagree with Bob on that one. If I just wanted to buy a house I'd wait another year or so. If I needed to buy a house well, maybe. But I think I'd rent and wait for prices to come down some more.
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