Is your bank next to go under?

[Miss_Piggy]

http://dealbreaker.com/images/thumbs/Bovecommentarywhoisnext.pdf

 

[malyla]

Makes me want to put my cash under my floorboards in a fire proof safe.

 

[Birchtree]

I wouldn't worry about it - you may not have that much cash on hand. Most banks are covered up to $100,000 or $250,000 for IRA. I've got over $500K in CDs in several banks and I'm not worried. I want to use that money to buy some land or a homestead in the Blue Ridge to get out of the Florida summer heat - perhaps next year.

 

[Guest2]

Indymac customers were never informed that their bank was walking on
thin ice. They made the top 90 Bad Bank List, but thats published every
quarter. How messed up is that ! Billions in (un-insured by FDIC) savings
are out there. I too feel confident that my money is safe, but I wonder
how many of those Indymac customers (standing in line) felt the same
way the day before.

 

[McDuck]

I've got over $500K in CDs in several banks

It sure must be nice ! <- green with envy

 

[Birchtree]

I'm very tempted to put that money in the stock market - but the wife says absolutely not. I mean the dividend yields would be higher - but she says that is the life line to save me from drowning in case it's needed. We'll use it for a summer place when real estate finally settles - I certainly don't wish to over pay.

 

[Elgallo]

Did anyone read about the guy who had 250K in IndyMac and thought he was OK because no account was over 100K. Well he thought wrong because he was informed by the bank that it does not apply to him because get this, all the accounts were in the same name! Now go figure. Whats up wid dat!

 

[luv2read]

FDIC rules clearly state that checking and savings accounts are insured up to $100K PER DEPOSITOR, not PER ACCOUNT. For joint accounts, it would be $200K. IRA's are insured for $250K. Mutual fund, bank bond- and investment accounts are not FDIC-insured. So make sure what kind of account you have, and whose name it's in.

Check it out:

http://www.fdic.gov/edie/ to read the FDIC's detailed deposit insurance protection. FDIC also offers a list of bank-rating organizations, which you can find at http://www.fdic.gov/bank/individual/bank/index.html.

 

[Birchtree]

Why are a reasonably limited few creeps not wanting to pay their mortgages?

 

[Fivetears]

Because they couldn't read the english contract, Dennis. :nuts:

Why are a reasonably limited few creeps not wanting to pay their mortgages?

 

[alevin]

http://www.sec.gov/news/press/2008/2008-143.htm

Found this last night posted on Ticker-Forum. A list of banks SEC has just tagged as vulnerable to illegal shorting activity-hence the official prohibition, which may or may not be meaningless once the list gets digested. Kinda like Bre'r Rabbit saying "whatever you do, please don't throw me in that there briar patch".

 

[James48843]

http://www.sec.gov/news/press/2008/2008-143.htm

Found this last night posted on Ticker-Forum. A list of banks SEC has just tagged as vulnerable to illegal shorting activity-hence the official prohibition, which may or may not be meaningless once the list gets digested. Kinda like Bre'r Rabbit saying "whatever you do, please don't throw me in that there briar patch".

DID YOU NOTICE who is on the short list?

I'll give you a hint: think the bank that operates the TSP fund:

Barclays PLC BCS

 

[luv2read]

See this article (the Bloomberg link in my post at bottom).

http://www.tsptalk.com/mb/showpost.php?p=171480&postcount=691