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peterb.
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July 14, 2008 at 3:31 PM #239331July 14, 2008 at 3:42 PM #239138
The OC Scam
ParticipantJohn Bovenzi, the chief operating officer of the Federal Deposit Insurance Corp., reassured consumers that U.S. bank failures have been rare in the past, and that if more banks do fail, the government has enough in reserve.
“I think the important point to make is that, historically, only a very small percentage of the banks on our problem banks list ever failed,” he said on CNN late Sunday. “While there are 90 banks on the list, there would be no expectation that 90 of those banks would fail.”
Bovenzi took the helm of what will be IndyMac Federal Bank when the government stepped in late Friday afternoon to save the struggling institution.
The Office of Thrift Supervision transferred control of IndyMac to the FDIC because it did not think the lender could meet its depositors’ demands.
“If there are other bank failures in the coming weeks, I think the same message, if your accounts are under $100,000, you have absolutely nothing to worry about,” he said. “You can still find ways to protect more if you like.”
THE GUY AT THE FDIC SAYS IF ANYMORE BANKS FAIL THIS WEEK??? DOES HE KNOW WHICH ONE??
July 14, 2008 at 3:42 PM #239274ParticipantJohn Bovenzi, the chief operating officer of the Federal Deposit Insurance Corp., reassured consumers that U.S. bank failures have been rare in the past, and that if more banks do fail, the government has enough in reserve.
“I think the important point to make is that, historically, only a very small percentage of the banks on our problem banks list ever failed,” he said on CNN late Sunday. “While there are 90 banks on the list, there would be no expectation that 90 of those banks would fail.”
Bovenzi took the helm of what will be IndyMac Federal Bank when the government stepped in late Friday afternoon to save the struggling institution.
The Office of Thrift Supervision transferred control of IndyMac to the FDIC because it did not think the lender could meet its depositors’ demands.
“If there are other bank failures in the coming weeks, I think the same message, if your accounts are under $100,000, you have absolutely nothing to worry about,” he said. “You can still find ways to protect more if you like.”
THE GUY AT THE FDIC SAYS IF ANYMORE BANKS FAIL THIS WEEK??? DOES HE KNOW WHICH ONE??
July 14, 2008 at 3:42 PM #239280ParticipantJohn Bovenzi, the chief operating officer of the Federal Deposit Insurance Corp., reassured consumers that U.S. bank failures have been rare in the past, and that if more banks do fail, the government has enough in reserve.
“I think the important point to make is that, historically, only a very small percentage of the banks on our problem banks list ever failed,” he said on CNN late Sunday. “While there are 90 banks on the list, there would be no expectation that 90 of those banks would fail.”
Bovenzi took the helm of what will be IndyMac Federal Bank when the government stepped in late Friday afternoon to save the struggling institution.
The Office of Thrift Supervision transferred control of IndyMac to the FDIC because it did not think the lender could meet its depositors’ demands.
“If there are other bank failures in the coming weeks, I think the same message, if your accounts are under $100,000, you have absolutely nothing to worry about,” he said. “You can still find ways to protect more if you like.”
THE GUY AT THE FDIC SAYS IF ANYMORE BANKS FAIL THIS WEEK??? DOES HE KNOW WHICH ONE??
July 14, 2008 at 3:42 PM #239332ParticipantJohn Bovenzi, the chief operating officer of the Federal Deposit Insurance Corp., reassured consumers that U.S. bank failures have been rare in the past, and that if more banks do fail, the government has enough in reserve.
“I think the important point to make is that, historically, only a very small percentage of the banks on our problem banks list ever failed,” he said on CNN late Sunday. “While there are 90 banks on the list, there would be no expectation that 90 of those banks would fail.”
Bovenzi took the helm of what will be IndyMac Federal Bank when the government stepped in late Friday afternoon to save the struggling institution.
The Office of Thrift Supervision transferred control of IndyMac to the FDIC because it did not think the lender could meet its depositors’ demands.
“If there are other bank failures in the coming weeks, I think the same message, if your accounts are under $100,000, you have absolutely nothing to worry about,” he said. “You can still find ways to protect more if you like.”
THE GUY AT THE FDIC SAYS IF ANYMORE BANKS FAIL THIS WEEK??? DOES HE KNOW WHICH ONE??
July 14, 2008 at 3:42 PM #239341ParticipantJohn Bovenzi, the chief operating officer of the Federal Deposit Insurance Corp., reassured consumers that U.S. bank failures have been rare in the past, and that if more banks do fail, the government has enough in reserve.
“I think the important point to make is that, historically, only a very small percentage of the banks on our problem banks list ever failed,” he said on CNN late Sunday. “While there are 90 banks on the list, there would be no expectation that 90 of those banks would fail.”
Bovenzi took the helm of what will be IndyMac Federal Bank when the government stepped in late Friday afternoon to save the struggling institution.
The Office of Thrift Supervision transferred control of IndyMac to the FDIC because it did not think the lender could meet its depositors’ demands.
“If there are other bank failures in the coming weeks, I think the same message, if your accounts are under $100,000, you have absolutely nothing to worry about,” he said. “You can still find ways to protect more if you like.”
THE GUY AT THE FDIC SAYS IF ANYMORE BANKS FAIL THIS WEEK??? DOES HE KNOW WHICH ONE??
July 14, 2008 at 4:37 PM #239173nostradamus
ParticipantWell I just spent the whole afternoon at two banks, naming beneficiaries, opening accounts, closing accounts, shuffling funds. What a pain!
Tomorrow I’ll visit two more banks… It’s an all-day task but I’ll sleep much better by the end of this week.
I’m not in a panic but am just complaining that it takes so long for banks to process accounts. I wish I could do all these things online.
July 14, 2008 at 4:37 PM #239309ParticipantWell I just spent the whole afternoon at two banks, naming beneficiaries, opening accounts, closing accounts, shuffling funds. What a pain!
Tomorrow I’ll visit two more banks… It’s an all-day task but I’ll sleep much better by the end of this week.
I’m not in a panic but am just complaining that it takes so long for banks to process accounts. I wish I could do all these things online.
July 14, 2008 at 4:37 PM #239315ParticipantWell I just spent the whole afternoon at two banks, naming beneficiaries, opening accounts, closing accounts, shuffling funds. What a pain!
Tomorrow I’ll visit two more banks… It’s an all-day task but I’ll sleep much better by the end of this week.
I’m not in a panic but am just complaining that it takes so long for banks to process accounts. I wish I could do all these things online.
July 14, 2008 at 4:37 PM #239367ParticipantWell I just spent the whole afternoon at two banks, naming beneficiaries, opening accounts, closing accounts, shuffling funds. What a pain!
Tomorrow I’ll visit two more banks… It’s an all-day task but I’ll sleep much better by the end of this week.
I’m not in a panic but am just complaining that it takes so long for banks to process accounts. I wish I could do all these things online.
July 14, 2008 at 4:37 PM #239376ParticipantWell I just spent the whole afternoon at two banks, naming beneficiaries, opening accounts, closing accounts, shuffling funds. What a pain!
Tomorrow I’ll visit two more banks… It’s an all-day task but I’ll sleep much better by the end of this week.
I’m not in a panic but am just complaining that it takes so long for banks to process accounts. I wish I could do all these things online.
July 14, 2008 at 7:35 PM #239258bsrsharma
ParticipantWell I just spent the whole afternoon at two banks
If you are not in great hurry, you can setup and transfer to many online accounts like HSBC, GMAC Bank, ETrade, Countrywide, FNBO, WTCDirect etc.,
As long as you split the funds to under $100K, you don’t have to dig deep into their financial health. I just go by info at http://www.bankrate.com/
July 14, 2008 at 7:35 PM #239396ParticipantWell I just spent the whole afternoon at two banks
If you are not in great hurry, you can setup and transfer to many online accounts like HSBC, GMAC Bank, ETrade, Countrywide, FNBO, WTCDirect etc.,
As long as you split the funds to under $100K, you don’t have to dig deep into their financial health. I just go by info at http://www.bankrate.com/
July 14, 2008 at 7:35 PM #239399ParticipantWell I just spent the whole afternoon at two banks
If you are not in great hurry, you can setup and transfer to many online accounts like HSBC, GMAC Bank, ETrade, Countrywide, FNBO, WTCDirect etc.,
As long as you split the funds to under $100K, you don’t have to dig deep into their financial health. I just go by info at http://www.bankrate.com/
July 14, 2008 at 7:35 PM #239452ParticipantWell I just spent the whole afternoon at two banks
If you are not in great hurry, you can setup and transfer to many online accounts like HSBC, GMAC Bank, ETrade, Countrywide, FNBO, WTCDirect etc.,
As long as you split the funds to under $100K, you don’t have to dig deep into their financial health. I just go by info at http://www.bankrate.com/
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