Comments on: Bank Failures: Two More Just Bit the Dust

By: Nate

Nate — Sun, 27 Jul 2008 13:34:57 +0000

One good option for people with the (very good) problem of wanting to have deposits in excess of $100,000 is CDARS. You can check it out at cdars.com .

As long as everyone keeps their money under the insured limits, there should be no need to stress out.

By: MITBeta @ Don't Feed The Alligators

MITBeta @ Don't Feed The Alligators — Sun, 27 Jul 2008 12:23:59 +0000

Is it just me or does the FDIC always take over banks on Fridays? Is this to give people a few days to cool off, understand their options, and decide what to do on Monday morning rather than closing on a Tuesday and having 400 people in line first thing Wednesday morning?

When my back closed last year I found out about it with a giant FDIC notice in place of the regular website (this was late Friday afternoon I might add…). But the bank was open for most regular business again on Monday morning and everything transitioned very smoothly to ING.

By: Mark Nelson

Mark Nelson — Sun, 27 Jul 2008 10:10:16 +0000

I don’t think there is anything to be nervous about but it is going to be interesting on how this all shakes out.

By: Sam

Sam — Sun, 27 Jul 2008 04:51:08 +0000

The PF Blog world is indeed interesting.
http://globaleconomicanalysis......ng-of.html