What the FDIC wont tell you – Piggington's Econo-Almanac

This topic has 20 replies, 5 voices, and was last updated 16 years, 4 months ago by 5yearwaiter.

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July 14, 2008 at 9:45 PM #13299

equalizer
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Strongest and Weakest Banks and Thrifts:

http://www.weissratings.com/HL_Bank.asp

Marketwatch bank failures article from May:

http://tinyurl.com/5pw63b

Indymac was NOT on the March 08 quarterly report of 90 troubles banks, but FDIC exec stated that it went on the list in June on their top secret list.

FDIC exec are spewing their “no insured person has ever lost money with the FDIC”. No mention of 10,000 people who are over the 100K limit.

July 15, 2008 at 12:50 AM #239472

Geedup
Participant

I’m worried about Downey Savings. If you’ve named a beneficiary on a POD or ITF account and that beneficiary passes away before the bank fails how does FDIC coverage change? Does it convert the funds to individual coverage?

July 15, 2008 at 12:50 AM #239676

Geedup
Participant

I’m worried about Downey Savings. If you’ve named a beneficiary on a POD or ITF account and that beneficiary passes away before the bank fails how does FDIC coverage change? Does it convert the funds to individual coverage?

July 15, 2008 at 12:50 AM #239668

Geedup
Participant

I’m worried about Downey Savings. If you’ve named a beneficiary on a POD or ITF account and that beneficiary passes away before the bank fails how does FDIC coverage change? Does it convert the funds to individual coverage?

July 15, 2008 at 12:50 AM #239614

Geedup
Participant

I’m worried about Downey Savings. If you’ve named a beneficiary on a POD or ITF account and that beneficiary passes away before the bank fails how does FDIC coverage change? Does it convert the funds to individual coverage?

July 15, 2008 at 12:50 AM #239609

Geedup
Participant

I’m worried about Downey Savings. If you’ve named a beneficiary on a POD or ITF account and that beneficiary passes away before the bank fails how does FDIC coverage change? Does it convert the funds to individual coverage?

July 15, 2008 at 1:07 AM #239620

gdcox
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Ignore f f f f f f f f f f

July 15, 2008 at 1:07 AM #239624

gdcox
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Ignore f f f f f f f f f f

July 15, 2008 at 1:07 AM #239482

gdcox
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Ignore f f f f f f f f f f

July 15, 2008 at 1:07 AM #239678

gdcox
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Ignore f f f f f f f f f f

July 15, 2008 at 1:07 AM #239686

gdcox
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Ignore f f f f f f f f f f

July 15, 2008 at 10:25 AM #239602

cr
Participant

I saw some head lady from the FDIC on CNBC yesterday. She said that there were signs that IndyMAC should have been on the list, but the list is only released quarterly. Basically they don’t want to scare people into a bank run – seems to be everyone ultimate fear.

Can you short the FDIC?

July 15, 2008 at 10:25 AM #239741

cr
Participant

I saw some head lady from the FDIC on CNBC yesterday. She said that there were signs that IndyMAC should have been on the list, but the list is only released quarterly. Basically they don’t want to scare people into a bank run – seems to be everyone ultimate fear.

Can you short the FDIC?

July 15, 2008 at 10:25 AM #239744

cr
Participant

I saw some head lady from the FDIC on CNBC yesterday. She said that there were signs that IndyMAC should have been on the list, but the list is only released quarterly. Basically they don’t want to scare people into a bank run – seems to be everyone ultimate fear.

Can you short the FDIC?

July 15, 2008 at 10:25 AM #239799

cr
Participant

I saw some head lady from the FDIC on CNBC yesterday. She said that there were signs that IndyMAC should have been on the list, but the list is only released quarterly. Basically they don’t want to scare people into a bank run – seems to be everyone ultimate fear.

Can you short the FDIC?
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