R. L. Burnside’s (1926—2005) timeless blues boogie “It’s Bad You Know” was the perfect setup for the adventures of Tony Soprano and his capos. Week by week we knew they were going to be so bad that it would be good, that Burnside would keep setting it up and that Tony seldom failed to deliver.
This morning when I received this reassuring (sic) email from CitiBank all I could think of was Burnside’s song and wish for those good, bad old days:
Good news! Citibank is participating in the FDIC’s Temporary Liquidity Guarantee Program. Through December 31, 2009 2008, all of your non-interest and interest bearing checking deposit account balances are fully guaranteed by the FDIC for the entire amount in your account.
So the fact that Citibank is in a temporary liquidity program through the end of December is the good news? Let’s see, that gives me about five weeks to find a solvent financial institution before we have to round up the posse and march on Citibank’s vault.
If that’s good, it’s bad you know. At least we can still enjoy the music: