I am glad my money is safe and sound at home where I know I will not have to worry about it.

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is it better to have an account at a smalltown banks v/s a corp. bank at this time ?

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What about annuities? Are they insured by the federal government?

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CURRENTY HAVE MORE THAN $25,000 IN SAVINGS AND 9,000 IN CHECKING ACCOUNT. BANK HAS CHANGE NAMES THREE TIMES. CURRENT BANK CLOSED THEIR MAIN BANK AND CURRENTLYHAVE TWOBANKS IN THE SAME TOWN. WHOULD THAT BE A WARNING SIGN FOR ME.

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Wish they'd tell us what Banks are in trouble?? Instead they are keeping us in the dark and making every one nervous. Do you really think that if I ask MY Bank if they are in trouble they'd tell me the truth?? NOT! This isn't fare to the people.

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These comments are hilarious. From the "court decisions are not fair" comments to the questions about how you can insure more than $100,000 in one bank, they are a belly laugh.

Here's a clue from a guy who does have a few assets and has had to address the $100,000 per account question from the business side.

No one, and I mean NO ONE who has more than $100,000 in liquid assets, never mind cash, is reading these posts for advice on how to protect those assets.

But just for the fun of it, please keep posting. This is a HOOT!

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When Indy Mac closed their doors, my husband and I went to our bank and withdrew most of our savings. We heard it is a good ideafor everyone to have at least $10,000 in cash hidden away. Of course if our eceonomy fails, which it will if Hussein Obama becomes president, our money will no longer be good. Most people have gold stashed away which will be the best backup.

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You have no idea how disappointed I was to read the article in today's Times . No journalists to this day have truly portrayed how frustrating and disappointing it is dealing with the F.D.I.C.'s takeover of the referenced bank. I was one of the first persons at the banks branch in Camarillo Monday morning at 5:00 a.m. By 8:00 a.m. two representatives from the F.D.I.C. showed up and gave only very fundamental and brief assurances that "your money is safe--banking will be as usual". Along with that new arrivals gathered around them thinking they were going to be an easy way to move into the lobby with complete disregard for all the others that had patiently awaited in line. Seeing what could potentially develop I immediately started a Roster Sheet and had every person sign the sheet numerically based upon who was in front and behind them. When Security opened the first door I asked for the manager and said I had three sheets numbering to almost 90 bank customers as accounted for by line position. Would they please use that as a guide for admission? They were extremely appreciative and thankful as were over 100 people in line and everything was kept civilized and in order.

However, I was one of the first to see an account agent and after waiting over a half hour to withdraw funds from a Family Trust and a separate Joint Account I was told the funds were going to held until they could have it reviewed. They said that the F.D.I.C. would be contacting me within three days to gather information and then the completed form would be forwarded for review to another location and they would be responding via phone to tell me how much and when the money would be available, in possibly three to four weeks!

By coincidence, my wife had been on the computer and phone since 7:00 a.m. in an attempt to see what she could do. I had been in touch by cell and just as I was begging for them to release some of my money and they finally agreed to give me approximately 15% of one of my insured "Money Market" bank account. This is a far different story that the journalists are describing. Why is the honesty and "full disclosure" being kept out of the articles?

I was one of the first bank customers to be entitled to get my money and have been deprived of this legal right. I get on the phone and spend hours trying to break thru this stonewall to only reach a call center in Texas that can do absolutely nothing to explain the status of my paperwork or where the center that is reviewing it is even located much less reachable! This is the best it gets? This is outrageous.

To make matters even worse I specifically visited the bank a week ago last Tuesday to review the legality of my accounts and make any changes if necessary, just to prevent this kind of fiasco. I even went into the bank last Friday morning and made a significant deposit. There were no signs of the storm that was brewing! That same day I made a commitment that would require 25% of the money out of my Money Market bank accounts and was told it was totally accessible. Guess what happened this past Tuesday when I didn't have access to my money to cover the obligation? I must pay penalties and nick my credibility. This is an absurd treatment to give a totally legitimate, tax paying, law abiding natural citizen that has supported the U.S.A. not only constitutionally but also serving in the military. WHAT A DISAPPOINTMENT!

NOBODY at the bank or the F.D.I.C. could do one thing to answer my questions or access any information or help one IOTA! There may be a lot of bank and government people beating their drums over "How much they are helping everyone". That may apply to a lot of simple, insured, less than $100,000. accounts but surely not all of those "other account holders" with legitimate and legal deposits in excess of that amount!

Then there are banks that allegedly won't honor an Indymac Bank Cashier's Check? This is the most profound demonstration of the failure of our government that has been asleep at the wheel for a long time doing nothing more than "politicking" and not taking care of business. What a disappointment for so many citizens of this country. Let's see if this is the beginning of what's to follow and how much worse it can get. Please do your job by telling it like it really is.

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THERE WILL BE 1 TO 3 BANKS LEFT AFTER THIS IS OVER,,, HOW CAN IT BE INSURED WHEN GOVERMENT HAS NO MONEY TO BACK IT UP?????

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Please register me as new user. Thanks.

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How safe is Bank of America?

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Question, If you have $100,000 in a bank that fails, how long does the FDIC take to repay you?

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TAKE YOUR MONEY OUT OF THE BANK & SPEND IT NOW.OTHERWISE YOU WILL NOT HAVE THE CHANCE TO BY CHRISTMAS

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In a bank closure aren't 'time' deposits treated differently than 'demand' deposits? Demand accounts were not used by the bank for their own investment (subject to gain/loss) but were just custodial accounts, I thought, to be held for the depositor's imminent use/withdrawal. (Like a business operating account)

As such, are they insured by FDIC?
Why would they need to be insured? You mean the bank is dipping into them and using those funds for its own account?

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about the court system, it is whomever is the smarter, my ex would have gotten the mother load if he had known where to look, he was stupid and his lawyer was even more stupid. they didn't know where to look and was troo stupid to ask.
i am laughing all the way to the bank.
D

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If you think the FDI has money in a lock box, you are wrong. Those deposits like Soc Sec go into the general fund. If there was a run on the banks, the government would not have the money. Our best hope is that there isn't a run on the banks. My banker told me that my bank holds deposits on individuals that range between a few hundred thousand up to several hundred thousand dollars per deposit. Some of that is cashed in $100,000 plus pensions and place them in savings accounts. The blame for all this falls at the feet of the Democrats, they love high oil prices and have driven them there by stopping the drilling for oil, building refineries and nuke plants.

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I had money in a savings and loan in the 80's that failed, The people who withdrew their money the first 2 days were the lucky one's, it took me 5 years to receive mine with no interest. I received small tokens every 6-12 months with a lump sum at the end of the 5th year, very little communication and never really knowing if you will get it. Never really wanted to put much more than necessary in a bank after that until recently. Major bank that promises to be strong but with the mortgage crisis the stock price has fallen 150%. Makes me wonder if I should dig a hole and bury it but I would probably forget where the money was hidden. The ones who created this mess are looking to see what the next big opportunity will be.

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Outsourcing forced companies to spin stock values and issue Fraud Loans to delay a collapse of financial ruin. Few could afford homes that were forced up in value through speculation and huge waves of immigration.

Seeing the real future of the US Job Market for all those outsourced occupations were left with one conclusion which is another Great Depression. Do The Math!

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If you have 100,000 in 2 different banks does the FDIC cover them both?

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If you have 100,000 in 2 different banks does the FDIC cover them both?

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