Talk of Worst Recession Since the 1930s

[an]

bsrsharma, I am in the same situation minus the bank accounts part. Brokerage account is insured by SIPC, not FDIC, so I wonder how it work. If they declare bankruptcy, how easy is it to transfer the fund to a different brokerage company? Accounts I’m worried about is my IRA. Should I worry and move the money now? Seems like a possible “run of the bank”.

[an]

bsrsharma, I am in the same situation minus the bank accounts part. Brokerage account is insured by SIPC, not FDIC, so I wonder how it work. If they declare bankruptcy, how easy is it to transfer the fund to a different brokerage company? Accounts I’m worried about is my IRA. Should I worry and move the money now? Seems like a possible “run of the bank”.

[patientlywaiting]

Interesting times we live in. Thanks for posting the article, ex-sd.

I’m not sure about the country as a whole, but I’m pretty sure the coastal areas will experience a bad recession.

[patientlywaiting]

Interesting times we live in. Thanks for posting the article, ex-sd.

I’m not sure about the country as a whole, but I’m pretty sure the coastal areas will experience a bad recession.

[patientlywaiting]

Interesting times we live in. Thanks for posting the article, ex-sd.

I’m not sure about the country as a whole, but I’m pretty sure the coastal areas will experience a bad recession.

[patientlywaiting]

Interesting times we live in. Thanks for posting the article, ex-sd.

I’m not sure about the country as a whole, but I’m pretty sure the coastal areas will experience a bad recession.

[Anonymous]

I don’t know how the FDIC insurance works, or what happens to your accounts if a company goes bankrupt. Plus, it seems like you guys have multiple accounts there as well, adding a bit more complexity.

When Countrywide’s troubles started hitting the news, I had one of their high-interest money market accounts. I transferred it all out immediately. So far, Countrywide is still around, but when people were lining up to take their money out and stressing out…I was able to chill on the sidelines. Peace of mind is worth a lot to me.

[Anonymous]

I don’t know how the FDIC insurance works, or what happens to your accounts if a company goes bankrupt. Plus, it seems like you guys have multiple accounts there as well, adding a bit more complexity.

When Countrywide’s troubles started hitting the news, I had one of their high-interest money market accounts. I transferred it all out immediately. So far, Countrywide is still around, but when people were lining up to take their money out and stressing out…I was able to chill on the sidelines. Peace of mind is worth a lot to me.

[Anonymous]

I don’t know how the FDIC insurance works, or what happens to your accounts if a company goes bankrupt. Plus, it seems like you guys have multiple accounts there as well, adding a bit more complexity.

When Countrywide’s troubles started hitting the news, I had one of their high-interest money market accounts. I transferred it all out immediately. So far, Countrywide is still around, but when people were lining up to take their money out and stressing out…I was able to chill on the sidelines. Peace of mind is worth a lot to me.

[Anonymous]

I don’t know how the FDIC insurance works, or what happens to your accounts if a company goes bankrupt. Plus, it seems like you guys have multiple accounts there as well, adding a bit more complexity.

When Countrywide’s troubles started hitting the news, I had one of their high-interest money market accounts. I transferred it all out immediately. So far, Countrywide is still around, but when people were lining up to take their money out and stressing out…I was able to chill on the sidelines. Peace of mind is worth a lot to me.

[drunkle]

i made a call to my scottrade office to ask how they would handle a situation such as etrade is going through. didn’t get much of an answer. they’re insured, but the main question regarding my holdings was up in the air.

maybe you can do an account transfer… even if it costs a little, better than getting forced to close out your holdings…

[drunkle]

i made a call to my scottrade office to ask how they would handle a situation such as etrade is going through. didn’t get much of an answer. they’re insured, but the main question regarding my holdings was up in the air.

maybe you can do an account transfer… even if it costs a little, better than getting forced to close out your holdings…

[drunkle]

i made a call to my scottrade office to ask how they would handle a situation such as etrade is going through. didn’t get much of an answer. they’re insured, but the main question regarding my holdings was up in the air.

maybe you can do an account transfer… even if it costs a little, better than getting forced to close out your holdings…

[drunkle]

i made a call to my scottrade office to ask how they would handle a situation such as etrade is going through. didn’t get much of an answer. they’re insured, but the main question regarding my holdings was up in the air.

maybe you can do an account transfer… even if it costs a little, better than getting forced to close out your holdings…

[GoUSC]

Thanks for the heads up on Etrade. I had money in an account there. Transferred it to my other account at another company. I don’t need that stress in my life.

[Author]

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