How many banks...
JR North wrote in
:
What's this got to do with boating?
JR
Boats take vast sums of money to buy, or just sit there rotting away at the
$600/month marina slip. In order to HAVE boats, some boaters have invested
vast sums of money in securities with various, previously-stable, banking
institutions now on the verge of collapse.
The solvency of the bank the "Boat Fund" is stored in is VERY on-topic to a
discussion about boat....unless you're Donald Trump and sold your little
house in Florida for $95,000,000 this morning to one of the Russian
billionaires. Don wanted $120,000,000 but had to take less to dump it.
By the way, the REAL ESTATE TAXES on Don's old house was quoted on the
radio at $16,830,000 PER YEAR....as of 2006. A "small tax increase" could
put the Russian's property taxes above the GDP of several small African
countries!
I think he screwed up....
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