Analysts say more U.S. banks will fail

[IntenseOperator]

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If this was your money , I don't think you would be singing Happy Birthday or Merry Christmas

Most people have not seen their banks go under in their lifetime. I know some have.

Guess we got to stuff our cash under our mattress again.

Problem is the Feds dont announce they are closing a bank. The lines would be two miles long getting money out.

put it in a foreign bank

 

[DOGS THAT BARK]

One of my mortgages is with IndyMac. I was hoping to be able to stop paying them.

I saw a guy on the news this AM that had 238 thousand in a savings account. The FDIC had him covered for 100 K and then .50 on the dollar for the rest.

He lost $ 69,000.00 of his life savings.

wtf

I would be concerned most about stocks that I have with a large bank. Wachovia. Stocks are not covered under FDIC.

If I get wind of any funny stuff with Wachovia , I will sell everything immediately as it is tied into my checking account.

What a bunch of bs when you can't trust banks anymore.

Scott if your stocks or any other funds are in retirement account at bank they are covered up to $250,000--the 100K is just for deposit accounts

 

[THE KOD]

Scott if your stocks or any other funds are in retirement account at bank they are covered up to $250,000--the 100K is just for deposit accounts

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Yeh I have 401 accounts I am not worried about.

This is the stock market. I been buying alot lately as the market has dropped. I got a chunk of Toyota recently at 89.00 Largest auto maker in the world now. In posiition to take over the market with hybrid and small cars in place.

 

[ageecee]

Just talked to wifey about setting up another savings account just in case our bank goes bankrupt. Told her lets get a box and bury it on the backyard. She didnt think it was funny..





On a brighter note just paid of her Expedition today. Debt free baby including the house.

 

[Eddie Haskell]

I'm moving all my money to banks in Dubai. I've decided to act llike my republican friends and abandon this country and use my head. The hell with the US, its about number one.

Eddie

 

[DOGS THAT BARK]

Edward
Thats not what a republican would do Edward.

If they had excess funds they would have enough confidence and use funds to get off the law firms tit and go into business for themselves.

Does entrepreneur ring any bells

 

[Eddie Haskell]

When I see Bush holding hands with the Saudi's what am I to think? Is George not a republican?

Wait don't answer that.

Ed