What’s the DIF?

A Massachusetts Mutual Savings Bank can be too small to fail, thanks to the Depositor’s Insurance Fund. Unique to Massachusetts, the DIF fully covers all deposits above the FDIC’s $250,000 limit.

The catch is, a member bank’s total assets can’t exceed a certain amount. The DIF doesn’t disclose the limit, but one of the banks I worked with when managing my late parents’ Trust exceeded it a couple of years ago, and is no longer a member.

The bank is in the process of transitioning to a new CEO, who is interviewed starting at 42 minutes into this podcast. One of the interviewers is my old high school classmate, Tom Moroney.

Made for Each Other

“Clarence and Ginni Thomas: Politics, Power and the Supreme Court” is scary enough without Frontline’s ominous music bed.

What Clarence and Ginni have in common is anger and resentment. Having failed to resolve their lifelong internal conflicts, they cling to the certainty of an intolerant faith that is anything but Christian in its outlook. They’ll take everything they can get while hating the world and everyone in it including, it seems, themselves.