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markzuber.
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November 12, 2007 at 3:31 PM #10890November 12, 2007 at 3:48 PM #98781
patientlywaiting
ParticipantA couple of weeks ago, I opened a CD with Countrywide at 5.65% APY (looks like rates have come down a little). It should not be a problem even in case of bank failure as long as you have less than the limit on deposit.
In the 1990s I had CDs at Imperial Savings and Home Fed. When they failed, the Resolution Trust Corporation came in and ran the banks until they found buyers for the assets. No big deal.
November 12, 2007 at 3:48 PM #98842ParticipantA couple of weeks ago, I opened a CD with Countrywide at 5.65% APY (looks like rates have come down a little). It should not be a problem even in case of bank failure as long as you have less than the limit on deposit.
In the 1990s I had CDs at Imperial Savings and Home Fed. When they failed, the Resolution Trust Corporation came in and ran the banks until they found buyers for the assets. No big deal.
November 12, 2007 at 3:48 PM #98858ParticipantA couple of weeks ago, I opened a CD with Countrywide at 5.65% APY (looks like rates have come down a little). It should not be a problem even in case of bank failure as long as you have less than the limit on deposit.
In the 1990s I had CDs at Imperial Savings and Home Fed. When they failed, the Resolution Trust Corporation came in and ran the banks until they found buyers for the assets. No big deal.
November 12, 2007 at 3:48 PM #98863ParticipantA couple of weeks ago, I opened a CD with Countrywide at 5.65% APY (looks like rates have come down a little). It should not be a problem even in case of bank failure as long as you have less than the limit on deposit.
In the 1990s I had CDs at Imperial Savings and Home Fed. When they failed, the Resolution Trust Corporation came in and ran the banks until they found buyers for the assets. No big deal.
November 12, 2007 at 4:09 PM #98789CBad
ParticipantI opened up a Countrywide CD and savings account recently as well. I’m not worried about it.
November 12, 2007 at 4:09 PM #98850ParticipantI opened up a Countrywide CD and savings account recently as well. I’m not worried about it.
November 12, 2007 at 4:09 PM #98866ParticipantI opened up a Countrywide CD and savings account recently as well. I’m not worried about it.
November 12, 2007 at 4:09 PM #98871ParticipantI opened up a Countrywide CD and savings account recently as well. I’m not worried about it.
November 12, 2007 at 4:39 PM #98797The OC Scam
ParticipantCountrywide issues ratings warning
Countrywide Financial Corp. (CFC:Countrywide Financial Corp
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Last: 13.19-0.64-4.63%4:01pm 11/12/2007
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CFC 13.19, -0.64, -4.6%) warned in a securities filing that further cuts in its credit ratings to junk-bond levels could “severely” limit its ability to raise money in public debt markets and cause it to lose bank deposits.Do you want to find out how long it takes for the FDIC insurance ot kick in?
November 12, 2007 at 4:39 PM #98857ParticipantCountrywide issues ratings warning
Countrywide Financial Corp. (CFC:Countrywide Financial Corp
News, chart, profile, more
Last: 13.19-0.64-4.63%4:01pm 11/12/2007
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CFC 13.19, -0.64, -4.6%) warned in a securities filing that further cuts in its credit ratings to junk-bond levels could “severely” limit its ability to raise money in public debt markets and cause it to lose bank deposits.Do you want to find out how long it takes for the FDIC insurance ot kick in?
November 12, 2007 at 4:39 PM #98874ParticipantCountrywide issues ratings warning
Countrywide Financial Corp. (CFC:Countrywide Financial Corp
News, chart, profile, more
Last: 13.19-0.64-4.63%4:01pm 11/12/2007
Delayed quote dataAdd to portfolio
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Financials
Sponsored by:
CFC 13.19, -0.64, -4.6%) warned in a securities filing that further cuts in its credit ratings to junk-bond levels could “severely” limit its ability to raise money in public debt markets and cause it to lose bank deposits.Do you want to find out how long it takes for the FDIC insurance ot kick in?
November 12, 2007 at 4:39 PM #98880ParticipantCountrywide issues ratings warning
Countrywide Financial Corp. (CFC:Countrywide Financial Corp
News, chart, profile, more
Last: 13.19-0.64-4.63%4:01pm 11/12/2007
Delayed quote dataAdd to portfolio
Analyst
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Financials
Sponsored by:
CFC 13.19, -0.64, -4.6%) warned in a securities filing that further cuts in its credit ratings to junk-bond levels could “severely” limit its ability to raise money in public debt markets and cause it to lose bank deposits.Do you want to find out how long it takes for the FDIC insurance ot kick in?
November 13, 2007 at 10:26 AM #99103bub
ParticipantThanks kev374 for demonstrating the principle of Moral Hazard with a real world example.
Oh btw if Countryslide fails and you have to wait for it all to get sorted out don’t make the mistake of posting about it here.
Is it safe? Unfrickin believable!
November 13, 2007 at 10:26 AM #99108ParticipantThanks kev374 for demonstrating the principle of Moral Hazard with a real world example.
Oh btw if Countryslide fails and you have to wait for it all to get sorted out don’t make the mistake of posting about it here.
Is it safe? Unfrickin believable!
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