Safe(r) banks

[34f3f3f]

I’m always a bit loathe to actually go as far as recommending any institution, but has anyone considered offshore. I have used many, for many years, and one of the best is Anglo Irish, because their rates are almost always consistently higher (US$ 4.75%). http://www.angloirishbank.ie/Personal_Savings/Interest_Rates/dollar.html They are an asset management bank so no retail facilities, and of course the Irish Government has guaranteed all deposits. It may be worth checking that this does cover foreign depositors, and not just Irish taxpayers, who after all would foot the bill. Their core business is commercial real estate so some may wish to err on the side of caution, but they claim only a small indirect exposure to US subprime mortgages. However, their stock price has seen quite big dips recently, but this is probably largely attributable to the general trend.

[patientrenter]

I would be cautious about depositing large amounts into banks guaranteed by small countries with a big banking industry. Why? Because the potential shortfall the small country’s govt has to make up if a lot of the banks topple could be more than their citizens are prepared to actually pay.

It’s all very well for a govt to say that it guarantees everything, but if things go really bad and the bill is for 5 years of the country’s income, it ain’t all going to get paid. People aren’t going to go from big screen TVs and vacations in the Galapagos to pulling roots from the ground for dinner to keep their banks’ creditors whole.

[patientrenter]

I would be cautious about depositing large amounts into banks guaranteed by small countries with a big banking industry. Why? Because the potential shortfall the small country’s govt has to make up if a lot of the banks topple could be more than their citizens are prepared to actually pay.

It’s all very well for a govt to say that it guarantees everything, but if things go really bad and the bill is for 5 years of the country’s income, it ain’t all going to get paid. People aren’t going to go from big screen TVs and vacations in the Galapagos to pulling roots from the ground for dinner to keep their banks’ creditors whole.

[patientrenter]

I would be cautious about depositing large amounts into banks guaranteed by small countries with a big banking industry. Why? Because the potential shortfall the small country’s govt has to make up if a lot of the banks topple could be more than their citizens are prepared to actually pay.

It’s all very well for a govt to say that it guarantees everything, but if things go really bad and the bill is for 5 years of the country’s income, it ain’t all going to get paid. People aren’t going to go from big screen TVs and vacations in the Galapagos to pulling roots from the ground for dinner to keep their banks’ creditors whole.

[patientrenter]

I would be cautious about depositing large amounts into banks guaranteed by small countries with a big banking industry. Why? Because the potential shortfall the small country’s govt has to make up if a lot of the banks topple could be more than their citizens are prepared to actually pay.

It’s all very well for a govt to say that it guarantees everything, but if things go really bad and the bill is for 5 years of the country’s income, it ain’t all going to get paid. People aren’t going to go from big screen TVs and vacations in the Galapagos to pulling roots from the ground for dinner to keep their banks’ creditors whole.

[patientrenter]

I would be cautious about depositing large amounts into banks guaranteed by small countries with a big banking industry. Why? Because the potential shortfall the small country’s govt has to make up if a lot of the banks topple could be more than their citizens are prepared to actually pay.

It’s all very well for a govt to say that it guarantees everything, but if things go really bad and the bill is for 5 years of the country’s income, it ain’t all going to get paid. People aren’t going to go from big screen TVs and vacations in the Galapagos to pulling roots from the ground for dinner to keep their banks’ creditors whole.

[34f3f3f]

Patientrenter, I assume you are referring to Iceland. For US citizens, they may feel safer with keeping everything in their own back yard, but many foreign residents, expats, migrant workers etc, may prefer to spread the risk by using resources more familiar to them. While a bank in Timbuktu might seem bizarre to some, it might have appeal to others who see banks collapsing everywhere around them in the US. However, since the virus has drifted across the oceans, you might ask is anywhere safe? Is a government guarantee any safer than the FDIC, which is equally ill-equipped for a major collapse? I guess the answer is you stick with what you know.

[34f3f3f]

Patientrenter, I assume you are referring to Iceland. For US citizens, they may feel safer with keeping everything in their own back yard, but many foreign residents, expats, migrant workers etc, may prefer to spread the risk by using resources more familiar to them. While a bank in Timbuktu might seem bizarre to some, it might have appeal to others who see banks collapsing everywhere around them in the US. However, since the virus has drifted across the oceans, you might ask is anywhere safe? Is a government guarantee any safer than the FDIC, which is equally ill-equipped for a major collapse? I guess the answer is you stick with what you know.

[34f3f3f]

Patientrenter, I assume you are referring to Iceland. For US citizens, they may feel safer with keeping everything in their own back yard, but many foreign residents, expats, migrant workers etc, may prefer to spread the risk by using resources more familiar to them. While a bank in Timbuktu might seem bizarre to some, it might have appeal to others who see banks collapsing everywhere around them in the US. However, since the virus has drifted across the oceans, you might ask is anywhere safe? Is a government guarantee any safer than the FDIC, which is equally ill-equipped for a major collapse? I guess the answer is you stick with what you know.

[34f3f3f]

Patientrenter, I assume you are referring to Iceland. For US citizens, they may feel safer with keeping everything in their own back yard, but many foreign residents, expats, migrant workers etc, may prefer to spread the risk by using resources more familiar to them. While a bank in Timbuktu might seem bizarre to some, it might have appeal to others who see banks collapsing everywhere around them in the US. However, since the virus has drifted across the oceans, you might ask is anywhere safe? Is a government guarantee any safer than the FDIC, which is equally ill-equipped for a major collapse? I guess the answer is you stick with what you know.

[34f3f3f]

Patientrenter, I assume you are referring to Iceland. For US citizens, they may feel safer with keeping everything in their own back yard, but many foreign residents, expats, migrant workers etc, may prefer to spread the risk by using resources more familiar to them. While a bank in Timbuktu might seem bizarre to some, it might have appeal to others who see banks collapsing everywhere around them in the US. However, since the virus has drifted across the oceans, you might ask is anywhere safe? Is a government guarantee any safer than the FDIC, which is equally ill-equipped for a major collapse? I guess the answer is you stick with what you know.

[Anonymous]

hi thanks for the info. you can find all US bank locations, addresses, telephone numbers and more details here. Check out the below link

http://www.altiusdirectory.com/Finance/usa-banks

[Anonymous]

hi thanks for the info. you can find all US bank locations, addresses, telephone numbers and more details here. Check out the below link

http://www.altiusdirectory.com/Finance/usa-banks

[Anonymous]

hi thanks for the info. you can find all US bank locations, addresses, telephone numbers and more details here. Check out the below link

http://www.altiusdirectory.com/Finance/usa-banks

[Anonymous]

hi thanks for the info. you can find all US bank locations, addresses, telephone numbers and more details here. Check out the below link

http://www.altiusdirectory.com/Finance/usa-banks

[Author]

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