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princess99
LIF Adult
Member since 5/05 3944 total posts
Name:
ME
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Who else is getting concerned with what bank your money is in?
I am. I am going to close and transfer stuff today. I am very concerned. I do not want to have to wait on line for my $$. It is So scary right now.
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Posted 7/15/08 12:32 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Who else is getting concerned with what bank your money is in?
what money?
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| Posted 7/15/08 12:34 PM |
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Jessica
I'm a mommy :)
Member since 1/06 7322 total posts
Name:
~Jess~
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Re: Who else is getting concerned with what bank your money is in?
If your money is in an FDIC insured bank account and you have under 100k, your money is fine
if over 100k, then you should have spread them out to under 100 between different banks
Who's waiting in line for their money?
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| Posted 7/15/08 12:37 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: Who else is getting concerned with what bank your money is in?
Why would you do that? No bank is going to just shut their doors and all your money is FDIC insured. Your bank is more likely to be purchased then to be shut down completely.
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| Posted 7/15/08 12:40 PM |
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nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
Name:
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Re: Who else is getting concerned with what bank your money is in?
Not concerned in the slightest. I don't have 100K sitting in any one bank.
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| Posted 7/15/08 12:42 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Who else is getting concerned with what bank your money is in?
As long as it's FDIC insured you really have nothing to worry about.
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| Posted 7/15/08 12:44 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: Who else is getting concerned with what bank your money is in?
Not concerned at all for the reasons stated above.
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| Posted 7/15/08 12:53 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: Who else is getting concerned with what bank your money is in?
I'm not worried at all....
Its "fears" like this that started the great depression. Everyone took all their money out of the banks and stored it under their mattresses. Thats why we are FDIC insured today.
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| Posted 7/15/08 1:00 PM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Who else is getting concerned with what bank your money is in?
Posted by charon54
Why would you do that? No bank is going to just shut their doors and all your money is FDIC insured. Your bank is more likely to be purchased then to be shut down completely.
My thoughts exactly! 
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| Posted 7/15/08 1:01 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Who else is getting concerned with what bank your money is in?
I am not worried for the reasons stated above
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| Posted 7/15/08 1:05 PM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: Who else is getting concerned with what bank your money is in?
I am not in the least bit worried
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| Posted 7/15/08 1:07 PM |
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melbalalala
Little Lady
Member since 5/07 5014 total posts
Name:
Melissa
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Re: Who else is getting concerned with what bank your money is in?
Posted by princess99
It is So scary right now.
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| Posted 7/15/08 1:13 PM |
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HelenZ
So worth the wait :)
Member since 10/07 2862 total posts
Name:
Helen
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Re: Who else is getting concerned with what bank your money is in?
perhaps you read the paper today which had a bunch of info on banks that "investors" are staying away from b/c the government would be less likely to "bail them out" if need be (i.e. banks that are only regional, not nationwide). People who have their money in those banks are completely fine up to 100K, its investors who are being more skittish on who they invest in, this has no bearing on whether you will personally lose money unless you have stock in any of these banks having financial issues.
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| Posted 7/15/08 1:20 PM |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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Re: Who else is getting concerned with what bank your money is in?
Like the posters above, I'm not concerned either.
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| Posted 7/15/08 1:21 PM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Re: Who else is getting concerned with what bank your money is in?
No. First of all, don't have that much money! 
Second of all, if Chase goes under, we are ALL up a creek without a paddle.
Lastly, NFB is gone...it was just taken over by a new company. Things like that happen all the time. Usually, the stock is tangible goods. In these cases, the stock is just a number. Doesn't make a difference.
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| Posted 7/15/08 1:25 PM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: Who else is getting concerned with what bank your money is in?
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| Posted 7/15/08 1:59 PM |
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ILJ619
LIF Adult
Member since 6/06 1985 total posts
Name:
Irene
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Re: Who else is getting concerned with what bank your money is in?
dont panic if a bank goes under your $ will not go with it b/c its FDIC insured and like OP said it is only relevant if you are an investor. not a good time to buy stocks in financial institutions right now.
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| Posted 7/15/08 2:05 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: Who else is getting concerned with what bank your money is in?
Posted by ilt1221
dont panic if a bank goes under your $ will not go with it b/c its FDIC insured and like OP said it is only relevant if you are an investor. not a good time to buy stocks in financial institutions right now.
I think it is definitely a valid concern if you have over $100,000 in any one bank. It is insured UP TO $100,000.
Since it's a person's aggregate deposits, and their not individual accounts, that are insured, any amounts over $100,000 deposited at any one bank are not covered.
This is not a crazy or irrational fear if you have over $100,000 in any of the at risk banks.
Message edited 7/15/2008 2:15:05 PM.
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| Posted 7/15/08 2:11 PM |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: Who else is getting concerned with what bank your money is in?
Posted by ilt1221
not a good time to buy stocks in financial institutions right now.
unless you are of the opinion that they are going to go up in the future.
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| Posted 7/15/08 2:12 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: Who else is getting concerned with what bank your money is in?
Posted by charon54
Why would you do that? No bank is going to just shut their doors and all your money is FDIC insured. Your bank is more likely to be purchased then to be shut down completely.
ALL your money isn't insured--it's insured up to $100,00. I don't have to worry , but some might.
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| Posted 7/15/08 2:12 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Who else is getting concerned with what bank your money is in?
Posted by nov04libride
Posted by charon54
Why would you do that? No bank is going to just shut their doors and all your money is FDIC insured. Your bank is more likely to be purchased then to be shut down completely.
ALL your money isn't insured--it's insured up to $100,00. I don't have to worry , but some might.
100,000 for single
200,000 for joint
100,000 additional per POD (up to 400k total I believe)
http://www.fdic.gov
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| Posted 7/15/08 2:27 PM |
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JenMarie
One day at a time
Member since 11/07 7397 total posts
Name:
Jennifer
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Re: Who else is getting concerned with what bank your money is in?
Not concerned at all for all of the reasons previously stated.
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| Posted 7/15/08 2:29 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: Who else is getting concerned with what bank your money is in?
Posted by ave1024
Posted by nov04libride
Posted by charon54
Why would you do that? No bank is going to just shut their doors and all your money is FDIC insured. Your bank is more likely to be purchased then to be shut down completely.
ALL your money isn't insured--it's insured up to $100,00. I don't have to worry , but some might.
100,000 for single
200,000 for joint
100,000 additional per POD (up to 400k total I believe)
http://www.fdic.gov
I can copy and paste too.
If a depositor's accounts at one FDIC-insured bank or savings association total $100,000 or less, the deposits are fully insured. A depositor can have more than $100,000 at one insured bank or savings association and still be fully insured provided the accounts meet certain requirements. In addition, federal law provides for insurance coverage of up to $250,000 for certain retirement accounts.
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| Posted 7/15/08 2:34 PM |
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2BEANS
wow time is going fast.
Member since 9/07 16106 total posts
Name:
Tina
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Re: Who else is getting concerned with what bank your money is in?
I have no $$$ to be scared about. how sad 
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| Posted 7/15/08 2:35 PM |
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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Re: Who else is getting concerned with what bank your money is in?
no money = no fears
there's something wrong with that statement... oh yeah, the fact that it's true... for me
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| Posted 7/15/08 2:44 PM |
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