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  • September 11, 2008 at 10:02 AM #269220
    afx114
    Participant

    Quick question: Is a bank offering a relatively high interest on CDs a sign that the bank is in trouble and trying to raise cash? Or is there some other reason?

    Why would a bank offer 2.80% on a 6-month CD but offer 4.00% on a 7-month CD? What does the bank have to gain by having your money one extra month?

    September 11, 2008 at 2:08 PM #269056
    urbanrealtor
    Participant

    [quote=afx114]Quick question: Is a bank offering a relatively high interest on CDs a sign that the bank is in trouble and trying to raise cash? Or is there some other reason?

    Why would a bank offer 2.80% on a 6-month CD but offer 4.00% on a 7-month CD? What does the bank have to gain by having your money one extra month?[/quote]
    Is this vineyard?

    September 11, 2008 at 2:08 PM #269285
    urbanrealtor
    Participant

    [quote=afx114]Quick question: Is a bank offering a relatively high interest on CDs a sign that the bank is in trouble and trying to raise cash? Or is there some other reason?

    Why would a bank offer 2.80% on a 6-month CD but offer 4.00% on a 7-month CD? What does the bank have to gain by having your money one extra month?[/quote]
    Is this vineyard?

    September 11, 2008 at 2:08 PM #269296
    urbanrealtor
    Participant

    [quote=afx114]Quick question: Is a bank offering a relatively high interest on CDs a sign that the bank is in trouble and trying to raise cash? Or is there some other reason?

    Why would a bank offer 2.80% on a 6-month CD but offer 4.00% on a 7-month CD? What does the bank have to gain by having your money one extra month?[/quote]
    Is this vineyard?

    September 11, 2008 at 2:08 PM #269343
    urbanrealtor
    Participant

    [quote=afx114]Quick question: Is a bank offering a relatively high interest on CDs a sign that the bank is in trouble and trying to raise cash? Or is there some other reason?

    Why would a bank offer 2.80% on a 6-month CD but offer 4.00% on a 7-month CD? What does the bank have to gain by having your money one extra month?[/quote]
    Is this vineyard?

    September 11, 2008 at 2:08 PM #269369
    urbanrealtor
    Participant

    [quote=afx114]Quick question: Is a bank offering a relatively high interest on CDs a sign that the bank is in trouble and trying to raise cash? Or is there some other reason?

    Why would a bank offer 2.80% on a 6-month CD but offer 4.00% on a 7-month CD? What does the bank have to gain by having your money one extra month?[/quote]
    Is this vineyard?

    September 11, 2008 at 2:40 PM #269066
    afx114
    Participant

    [quote=urbanrealtor]Is this vineyard?[/quote]

    San Diego County Credit Union. Deposit Rates PDF: https://www.sdccu.com/pages/rates/DepositRates.pdf

    September 11, 2008 at 2:40 PM #269295
    afx114
    Participant

    [quote=urbanrealtor]Is this vineyard?[/quote]

    San Diego County Credit Union. Deposit Rates PDF: https://www.sdccu.com/pages/rates/DepositRates.pdf

    September 11, 2008 at 2:40 PM #269308
    afx114
    Participant

    [quote=urbanrealtor]Is this vineyard?[/quote]

    San Diego County Credit Union. Deposit Rates PDF: https://www.sdccu.com/pages/rates/DepositRates.pdf

    September 11, 2008 at 2:40 PM #269352
    afx114
    Participant

    [quote=urbanrealtor]Is this vineyard?[/quote]

    San Diego County Credit Union. Deposit Rates PDF: https://www.sdccu.com/pages/rates/DepositRates.pdf

    September 11, 2008 at 2:40 PM #269379
    afx114
    Participant

    [quote=urbanrealtor]Is this vineyard?[/quote]

    San Diego County Credit Union. Deposit Rates PDF: https://www.sdccu.com/pages/rates/DepositRates.pdf

    September 11, 2008 at 2:42 PM #269071
    Coronita
    Participant

    [quote=Bubblesitter]It will be very difficult if not impossible for WaMu to raise capital.

    I’m expect the FDIC announcement next Friday or week after. Short sellers are pounding it this week.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a3o14lT_3o8E&refer=home
    [/quote]

    Watch the fed’s step in again and declare no more naked short selling… Happened in the past, can happen again. Desperate times calls for desperate measures.

    September 11, 2008 at 2:42 PM #269300
    Coronita
    Participant

    [quote=Bubblesitter]It will be very difficult if not impossible for WaMu to raise capital.

    I’m expect the FDIC announcement next Friday or week after. Short sellers are pounding it this week.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a3o14lT_3o8E&refer=home
    [/quote]

    Watch the fed’s step in again and declare no more naked short selling… Happened in the past, can happen again. Desperate times calls for desperate measures.

    September 11, 2008 at 2:42 PM #269312
    Coronita
    Participant

    [quote=Bubblesitter]It will be very difficult if not impossible for WaMu to raise capital.

    I’m expect the FDIC announcement next Friday or week after. Short sellers are pounding it this week.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a3o14lT_3o8E&refer=home
    [/quote]

    Watch the fed’s step in again and declare no more naked short selling… Happened in the past, can happen again. Desperate times calls for desperate measures.

    September 11, 2008 at 2:42 PM #269356
    Coronita
    Participant

    [quote=Bubblesitter]It will be very difficult if not impossible for WaMu to raise capital.

    I’m expect the FDIC announcement next Friday or week after. Short sellers are pounding it this week.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a3o14lT_3o8E&refer=home
    [/quote]

    Watch the fed’s step in again and declare no more naked short selling… Happened in the past, can happen again. Desperate times calls for desperate measures.

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