Terri was telling a funny story last night. She said that all this past week a regular customer at our market has been coming in and moaning and groaning about what he should do with the money he had deposited in CountryWide Bank. He really liked his interest rate but with the news papers reporting that there was a possibility that CW bank might face a run of depositor withdrawals, he was beginning to feel he'd better get in line. One day he was going right to the bank, the next he thought he'd give them one more day. Finally the pressure was just too much. He went to the bank branch and withdrew it all. Even paid a penulty for closing a CD. Then he drove downtown and deposited it in a real bank, he said, Bank Of America.
Friday, August 24, 2007
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