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  • March 6, 2008 at 9:53 AM #12003
    JAS
    Participant

    I know banks are FDIC insured, but the government hasn’t exactly been Johnny-on-the-spot when it comes to fixing castastrophes lately.

    I bank with Citi and I’m a little nervous after seeing this article:

    http://www.minyanville.com/articles/MER-C/index/a/16165

    I’ve heard of similar problems at Washington Mutual and Wachovia.

    Any recommendations for safe banks?

    Where are you parking your money?

    March 6, 2008 at 10:08 AM #164928
    Aecetia
    Participant

    Here is an FDIC Advisory Opinion on the safety issue-
    http://www.fdic.gov/regulations/laws/rules/4000-10110.html

    March 6, 2008 at 10:08 AM #165343
    Aecetia
    Participant

    Here is an FDIC Advisory Opinion on the safety issue-
    http://www.fdic.gov/regulations/laws/rules/4000-10110.html

    March 6, 2008 at 10:08 AM #165257
    Aecetia
    Participant

    Here is an FDIC Advisory Opinion on the safety issue-
    http://www.fdic.gov/regulations/laws/rules/4000-10110.html

    March 6, 2008 at 10:08 AM #165249
    Aecetia
    Participant

    Here is an FDIC Advisory Opinion on the safety issue-
    http://www.fdic.gov/regulations/laws/rules/4000-10110.html

    March 6, 2008 at 10:08 AM #165241
    Aecetia
    Participant

    Here is an FDIC Advisory Opinion on the safety issue-
    http://www.fdic.gov/regulations/laws/rules/4000-10110.html

    March 6, 2008 at 12:11 PM #165339
    Enorah
    Participant

    This thread is so timely for me.

    Thanks for any input.

    Also, is anyone else feeling like they need to stash a pile of cash somewhere?

    March 6, 2008 at 12:11 PM #165436
    Enorah
    Participant

    This thread is so timely for me.

    Thanks for any input.

    Also, is anyone else feeling like they need to stash a pile of cash somewhere?

    March 6, 2008 at 12:11 PM #165347
    Enorah
    Participant

    This thread is so timely for me.

    Thanks for any input.

    Also, is anyone else feeling like they need to stash a pile of cash somewhere?

    March 6, 2008 at 12:11 PM #165331
    Enorah
    Participant

    This thread is so timely for me.

    Thanks for any input.

    Also, is anyone else feeling like they need to stash a pile of cash somewhere?

    March 6, 2008 at 12:11 PM #165018
    Enorah
    Participant

    This thread is so timely for me.

    Thanks for any input.

    Also, is anyone else feeling like they need to stash a pile of cash somewhere?

    March 6, 2008 at 1:22 PM #165466
    JAS
    Participant

    Washington Mutual was just rated down to BB rating. If a bank fails, I know the FDIC will insure against it up to $100k. With the way the gov’t has handled other problems (like FEMA), I could see delays, errors, or headaches if your bank does go under. Eventually it will get worked out, but I’d rather not have to deal with that.

    So if there are banks that are well capitalized or “safe” — or perhaps safer than others, I was wondering which they were.

    March 6, 2008 at 1:22 PM #165048
    JAS
    Participant

    Washington Mutual was just rated down to BB rating. If a bank fails, I know the FDIC will insure against it up to $100k. With the way the gov’t has handled other problems (like FEMA), I could see delays, errors, or headaches if your bank does go under. Eventually it will get worked out, but I’d rather not have to deal with that.

    So if there are banks that are well capitalized or “safe” — or perhaps safer than others, I was wondering which they were.

    March 6, 2008 at 1:22 PM #165361
    JAS
    Participant

    Washington Mutual was just rated down to BB rating. If a bank fails, I know the FDIC will insure against it up to $100k. With the way the gov’t has handled other problems (like FEMA), I could see delays, errors, or headaches if your bank does go under. Eventually it will get worked out, but I’d rather not have to deal with that.

    So if there are banks that are well capitalized or “safe” — or perhaps safer than others, I was wondering which they were.

    March 6, 2008 at 1:22 PM #165372
    JAS
    Participant

    Washington Mutual was just rated down to BB rating. If a bank fails, I know the FDIC will insure against it up to $100k. With the way the gov’t has handled other problems (like FEMA), I could see delays, errors, or headaches if your bank does go under. Eventually it will get worked out, but I’d rather not have to deal with that.

    So if there are banks that are well capitalized or “safe” — or perhaps safer than others, I was wondering which they were.

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