U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 07-25-2008, 12:31 PM
 
991 posts, read 1,418,548 times
Reputation: 146

Advertisements

Anyone with uninsured deposits (those exceeding FDIC limits) at Washington Mutual are begging for trouble

Mish's Global Economic Trend Analysis: Uninsured Depositors At WaMu Are Begging For Trouble
Reply With Quote Quick reply to this message

 
Old 07-25-2008, 01:39 PM
 
Location: Great State of Texas
86,068 posts, read 74,761,325 times
Reputation: 27602
Anyone with uninsured deposits anywhere is asking for trouble.

And these will be the first people to start screaming about how their money is lost.
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 03:32 PM
 
Location: TX
740 posts, read 1,869,783 times
Reputation: 295
Is 100K the FDIC limit? It'll take at least three decades for my total balances to exceed that amount, assuming I'm still continually employed till then.
Reply With Quote Quick reply to this message
 
Old 07-26-2008, 06:33 AM
 
Location: Backwoods of Maine
7,256 posts, read 8,580,784 times
Reputation: 19674
Quote:
Originally Posted by phoenix_talons View Post
Is 100K the FDIC limit? It'll take at least three decades for my total balances to exceed that amount, assuming I'm still continually employed till then.
At the rate the FDIC is bailin' em out, it will run out of money before Labor Day. People think all deposits up to $100K are insured. NOT. The only insured ones are those in banks that fail before the FDIC runs out of funds.

Sobering thought. Any room under the mattress?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 06:46 PM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top