Money Safe in Ireland Banks

Ireland has approved a law that guarantees 100% of deposits in six of its largest banks. That is a far cry better than the measly $100,000 we currently have and still better than the $250,000 that this bailout guarantees. If I had a vast amount of wealth, I'd have to open 6 accounts in these banks. Italy would be next, since they guarantee $212,000. I'd deposit not more than $100,000 in the U.S. Just enough to make daily expenses and such. I'd be buying a lot of these falling stocks in the tech, medicine, energy, and entertainment fields. These will rebound and with it a nice return for a small investment. Real estate would also be an investment, but only on a few select properties. I'm not willing to be a landlord. Just dreaming of what makes good business sense to me. Now I just need the vast amount of wealth to get this going. Risky? I really don't think so. I think that Warren Buffet would agree with me. History plays in here and a good sense of what people want and need. It's a buyers market. The only problem is trying to find the actual worth of the real estate that you want to buy. Come on Brainiacs of Economics, what does your monkey mind say to you?