Comments on: Risk-Free Banking http://www.fivecentnickel.com/2008/08/25/risk-free-banking/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 22:51:28 -0500 http://wordpress.org/?v=abc hourly 1 By: john http://www.fivecentnickel.com/2008/08/25/risk-free-banking/comment-page-1/#comment-124410 john Tue, 16 Sep 2008 01:12:29 +0000 http://www.fivecentnickel.com/2008/08/25/risk-free-banking/#comment-124410 Yes, I know.. They tear up the loan documents, and you owe nothing :-) Yes, I know..
They tear up the loan documents, and you owe nothing :-)

]]> By: Eric http://www.fivecentnickel.com/2008/08/25/risk-free-banking/comment-page-1/#comment-122468 Eric Tue, 26 Aug 2008 18:18:58 +0000 http://www.fivecentnickel.com/2008/08/25/risk-free-banking/#comment-122468 I read today that my mortgage company, Washington Mutual, is on a 'Dead-man walking' list of companies that seem doomed to fail. I'm pretty clear what happens to moneyed acocunts, but does anyone know how this might affect me and my mortgage account if the bank goes under? I read today that my mortgage company, Washington Mutual, is on a ‘Dead-man walking’ list of companies that seem doomed to fail. I’m pretty clear what happens to moneyed acocunts, but does anyone know how this might affect me and my mortgage account if the bank goes under?

]]> By: jim of Blueprint for Financial Prosperity http://www.fivecentnickel.com/2008/08/25/risk-free-banking/comment-page-1/#comment-122367 jim of Blueprint for Financial Prosperity Tue, 26 Aug 2008 01:57:03 +0000 http://www.fivecentnickel.com/2008/08/25/risk-free-banking/#comment-122367 I think it's funny that our nation's personal savings rate is negative yet when banks start failing you see an inordinate number of people worrying about FDIC insurance! I think it’s funny that our nation’s personal savings rate is negative yet when banks start failing you see an inordinate number of people worrying about FDIC insurance!

]]> By: Big Winner http://www.fivecentnickel.com/2008/08/25/risk-free-banking/comment-page-1/#comment-122366 Big Winner Tue, 26 Aug 2008 01:50:04 +0000 http://www.fivecentnickel.com/2008/08/25/risk-free-banking/#comment-122366 Those are all really good tips. Another blogger (I think it was either Felix Salmon or Paul Kedrosky) posted a couple weeks ago that there was a way for people with more than $100,000 in a bank account to diversify and protect themselves via the FDIC without having to open accounts at tons of banks. I forget what the exact method was though. Those are all really good tips. Another blogger (I think it was either Felix Salmon or Paul Kedrosky) posted a couple weeks ago that there was a way for people with more than $100,000 in a bank account to diversify and protect themselves via the FDIC without having to open accounts at tons of banks. I forget what the exact method was though.

]]> By: Kevin Pierce http://www.fivecentnickel.com/2008/08/25/risk-free-banking/comment-page-1/#comment-122333 Kevin Pierce Mon, 25 Aug 2008 17:42:31 +0000 http://www.fivecentnickel.com/2008/08/25/risk-free-banking/#comment-122333 WHAT'S IN YOUR WALLET? NEWSWIRE--A Kansas bank has become the ninth closed by federal regulators this year, amid bad real estate loans and falling housing prices. Not dollars or drachma or krona or kips, No sheqel or shilling or rand, Not ruble or rupee or money in clips: No sawbuck, a fifty, a grand. Not penning or fenning or guilder or gold, No euro or florin or francs, What we're counting today is not bills that will fold, But banks. Light verse, ripped from the headlines WHAT’S IN YOUR WALLET?

NEWSWIRE–A Kansas bank has become the ninth closed by federal regulators this year, amid bad real estate loans and falling housing prices.

Not dollars or drachma or krona or kips,
No sheqel or shilling or rand,
Not ruble or rupee or money in clips:
No sawbuck, a fifty, a grand.
Not penning or fenning or guilder or gold,
No euro or florin or francs,

What we’re counting today is not bills that will fold,
But banks.

Light verse, ripped from the headlines

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