X-Message-Number: 31055
From: Mark Plus <>
Subject: Cryonics organizations' alternative banking plans
Date: Sat, 13 Sep 2008 22:16:57 -0700


I wonder if Alcor and CI have plans to keep enough of their money available in 
case the banks they currently use shut their doors and go out of business some 
Friday afternoon. Given the increasingly absurd demands for more and more 
bailouts for failing financial institutions, they should consider the 
possibility that their failed banks might not have funds from the FDIC to 
reimburse their "insured" deposits in a timely manner, or possibly not at all. 
I've even heard talk of a prolonged, Depression-style "bank holiday" in the near
future:

http://en.wikipedia.org/wiki/United_States_bank_holiday


In case you want to dismiss this scenario, suppose you heard predictions just a 
few years ago that during 2008 we'd see the failures of Bear Stearn, IndyMac, 
Freddie/Fannie and Lehman Brothers, with Wachovia, Washington Mutual, Merrill 
Lynch and possibly hundreds of ordinary banks on the death watch. Warnings you 
probably would have dismissed at the time as alarmist twaddle have come true, 
with more such predictions in the queue because the same causes still operate.


Given the complicated relationships in our financial system, I have to wonder 
now if the financial positions of the life insurance companies most cryonicists 
depend on to fund our suspensions have started to go bad.


"Around 2010 the world will be at a new orbit in history. . .  Life expectancy 
will be indefinite. Disease and disability will nonexist. Death wll be rare and 
accidental -- but not permanent. We will continuously jettison our obsolescence 
and grow younger." F.M. Esfandiary, "Up-Wing Priorities" (1981).

Mark Plus

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