Tuesday, September 30, 2008

New things to try: bank run edition

So I got to participate, perhaps, in a bank run this morning. Though we are planning to move (back) to Bank of America now that they have moved into Ann Arbor (via their purchase of LaSalle Bank a year or so ago) we are still with National City.

The market seems to think that National City and the oddly named "Fifth / Third" bank (and more here) are the next ones to go. So I moved money this morning from the uninsured money market account to the insured checking account. It was much less thrilling than standing in a long line outside the bank but also much quicker.