is your bank safe?

[Coronita]

[quote=jpinpb]After recent banking turmoil, I revive this thread.

Where is a good place to park cash? Is any bank safe? Does it even matter, since the dollar is getting so worthless?[/quote]

Honestly, i think your good bets are.
1)BAC
2)Wells Fargo
3)Washington Mutual

You might be wondering about #3. But the reasoning goes along with
a) lightening doesn’t usually strike twice in the same space
b) or statistically, the safest airline to fly is the one that just had a disaster the day before (minus China Airlines, which has more than exceeded statistics by it’s own virtues)

BTW: i think the FDIC insurance was just raised to $250k.

[jpinpb]

FLU – Thanks for the feedback.

As far was #3, WaMu technically is Chase. So is Chase safe? They’ve taken on some major debt.

Silly to ask, but after Lehman and Merrill, well, I mean, I was a little surprised. So now I wonder about any bank, no matter what size.

I am concerned about BAC and Wells. They are absorbing a lot of bad loans and we all know the 700 billion is surely not going to cut it. So some of these banks are still holding some bad debt.

Are credit unions safer? I’m hearing they did not participate much in subprime.

As far as FDIC, well, my question, how healthy is FDIC? With so many banks going bellyup, raising it to 250k only scares me more.

[jpinpb]

FLU – Thanks for the feedback.

As far was #3, WaMu technically is Chase. So is Chase safe? They’ve taken on some major debt.

Silly to ask, but after Lehman and Merrill, well, I mean, I was a little surprised. So now I wonder about any bank, no matter what size.

I am concerned about BAC and Wells. They are absorbing a lot of bad loans and we all know the 700 billion is surely not going to cut it. So some of these banks are still holding some bad debt.

Are credit unions safer? I’m hearing they did not participate much in subprime.

As far as FDIC, well, my question, how healthy is FDIC? With so many banks going bellyup, raising it to 250k only scares me more.

[jpinpb]

FLU – Thanks for the feedback.

As far was #3, WaMu technically is Chase. So is Chase safe? They’ve taken on some major debt.

Silly to ask, but after Lehman and Merrill, well, I mean, I was a little surprised. So now I wonder about any bank, no matter what size.

I am concerned about BAC and Wells. They are absorbing a lot of bad loans and we all know the 700 billion is surely not going to cut it. So some of these banks are still holding some bad debt.

Are credit unions safer? I’m hearing they did not participate much in subprime.

As far as FDIC, well, my question, how healthy is FDIC? With so many banks going bellyup, raising it to 250k only scares me more.

[jpinpb]

FLU – Thanks for the feedback.

As far was #3, WaMu technically is Chase. So is Chase safe? They’ve taken on some major debt.

Silly to ask, but after Lehman and Merrill, well, I mean, I was a little surprised. So now I wonder about any bank, no matter what size.

I am concerned about BAC and Wells. They are absorbing a lot of bad loans and we all know the 700 billion is surely not going to cut it. So some of these banks are still holding some bad debt.

Are credit unions safer? I’m hearing they did not participate much in subprime.

As far as FDIC, well, my question, how healthy is FDIC? With so many banks going bellyup, raising it to 250k only scares me more.

[jpinpb]

FLU – Thanks for the feedback.

As far was #3, WaMu technically is Chase. So is Chase safe? They’ve taken on some major debt.

Silly to ask, but after Lehman and Merrill, well, I mean, I was a little surprised. So now I wonder about any bank, no matter what size.

I am concerned about BAC and Wells. They are absorbing a lot of bad loans and we all know the 700 billion is surely not going to cut it. So some of these banks are still holding some bad debt.

Are credit unions safer? I’m hearing they did not participate much in subprime.

As far as FDIC, well, my question, how healthy is FDIC? With so many banks going bellyup, raising it to 250k only scares me more.

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