Attention Bank of America Corporation (BAC) & Wells Fargo & Company (WFC) Customers: Hopefully This Ain’t You!

Basically anyone with under $100,000 in cash in a bank is protected by the FDIC and considering the FDIC has never stiffed anyone–at least not yet, IndyMac alone took out 5-10% of its reserves–most people feel pretty safe. As you can see in the video below of IndyMac customers trying to get their $ out, there’s some definite anger just below the surface, but for now, this is what it’s like when a bank fails:

Now, I’m all for punishing the dumb money that’s caused this whole mess, but an outright financial collapse hurts my high probability pump and dump trading opportunities, so I’m not for it. Hopefully, this kind of semi-panic is as bad as it gets. No way in hell am I convinced it’s over just yet…