It would be nice to have some bells going off BEFORE the FDIC just quietly pulls the plug.
2007-10-07 12:18:33 · 4 answers · asked by kjf2007 1 in Business & Finance ➔ Investing
NETBANK was closed by the FDIC late Sept 2007. Another smaller bank was shut down this week - see fdic.gov for details. Funny how the news doesn't say too much about this, ISN'T IT???
So who will bail out the FDIC when THEY go broke?
2007-10-07 14:30:08 · update #1
Yep, the FDIC does rankings. Here is a link to explore. Keep searching and you will find the banks they are "watching", lots of good data.
2007-10-07 15:34:17 · answer #1 · answered by Rabbit 7 · 1⤊ 0⤋
Just make sure that the institution you are dealing with is covered by FDIC, Make sure all your accounts are covered under this insurance scheme and are within the proper limits.
Then It doesn't matter if the bank fails, you will still have your money.
Re=-read first two sentences
2007-10-07 15:20:57 · answer #2 · answered by bob shark 7 · 0⤊ 0⤋
If the share price is below $1.00 USD then it's time to close your bank account and move your money to another bank.
2007-10-07 21:25:40 · answer #3 · answered by Anonymous · 0⤊ 1⤋
I am not aware of any banks failing. What do you mean by "next"?
2007-10-07 12:21:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋