Check Out Your Bank

[Bronco_Beerslug]

How safe & sound is it?

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http://www.bankrate.com/brm/safesound/ss_home.asp


http://www.fdic.gov/bank/individual/bank/index.html

[Rank&File]

USAA... I feel pretty secure, but who knows?

[Bob]

What is very scary about this is that perception can become reality almost over night...someone cries fire! A few run to the banks -- that is shown on TV, which causes others to take money out "just to be safe" and you get the picture. My grandfather lived through teh Depression, and always held large sums of cash at home just in case.

[L.A. BRONCOS FAN]

• FDIC insurance fund slips below minimum level set by Congress

[Bronco Bob]

All I know is that BofA seems to be buying up everything in sight.

[Garcia Bronco]

I have FDIC accounts at

WACHOVIA, WELLS FARGO. I think I'll be good.

[ak1971]

Originally Posted by Garcia Bronco

I have FDIC accounts at

WACHOVIA, WELLS FARGO. I think I'll be good.

I havent heard too much rumblings about Wells, Wachovia on the other hand made the bonehead decision to accquire Golden West at the peak of the bubble..they also have a lot of CMBS exposure which IMHO is the next shoe to drop

[Rohirrim]

Originally Posted by Bronco Bob

All I know is that BofA seems to be buying up everything in sight.

Why not? They see Lehman is allowed to go under while AIG gets bailed out. The key? Get so big the government doesn't have the balls to let you fail. That's the BofA strategy.

(Chase, BTW. )

[ak1971]

Originally Posted by Rohirrim

Why not? They see Lehman is allowed to go under while AIG gets bailed out. The key? Get so big the government doesn't have the balls to let you fail. That's the BofA strategy.

(Chase, BTW. )

I was suprised that they bought Merrill for the $$$ amount they did. I would think they could have got it cheaper.

[Garcia Bronco]

Originally Posted by ak1971

I havent heard too much rumblings about Wells, Wachovia on the other hand made the bonehead decision to accquire Golden West at the peak of the bubble..they also have a lot of CMBS exposure which IMHO is the next shoe to drop

It's my primary bill paying account. It's depleted as soon as my split deposit goes in. It wouldn't even be worth the hassle of filing the FDIC paperwork.

[Rohirrim]

Originally Posted by ak1971

I was suprised that they bought Merrill for the $$$ amount they did. I would think they could have got it cheaper.

Unfortunately, the government buying out AIG is just encouragement for the big guys to go on a buying spree, regardless of the risk. In effect, the Bush government just removed the risk.

[ak1971]

Originally Posted by Garcia Bronco

It's my primary bill paying account. It's depleted as soon as my split deposit goes in. It wouldn't even be worth the hassle of filing the FDIC paperwork.

from a small depository standpoint, I dont think the common person has anything to worry about. Most deposits are bought by another bank the moment in goes under FDIC control. The FDIC just deals with the crap left over.