> They either didn't have enough cash to cover the customer demand for > withdrawals or they didn't have enough capital assets to cover their > investment guarantees. > > Banks are required by law to maintain enough liquidity to cover a > certain percentage of deposits. When they fall below that percentage, > the Feds step in.
THAT is what I wanted to know. Thank you. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271009 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
