is your bank safe?

[JAS]

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?

[Aecetia]

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

[Aecetia]

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

[Aecetia]

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

[Aecetia]

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

[Aecetia]

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

[Enorah]

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?

[Enorah]

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?

[Enorah]

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?

[Enorah]

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?

[Enorah]

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?

[JAS]

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.

[JAS]

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.

[JAS]

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.

[JAS]

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.

[Author]

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