Reginald P. Smithers III wrote:
HK wrote:
Larry wrote:
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....



We don't keep any significant liquid assets in any U.S. financial
institutions.

Harry, we all know you don't have any significant liquid assets, so it
is very easy for you to keep them out of US financial institutions.

Twenty bucks - under his mattress. That's high finance for the narcissist.