Look like Emmigrant Bank is going down!

[Halal Burger]

Quote from peilthetraveler:

Ah, I didnt notice. All i know is about 12 to 18 months ago when i did some research on them, they were NOT FDIC insured. I just figured they still were not.

I'd love to see some of your research on the markets; ING have been FDIC insured for over a decade.

 

[KeithOmalley]

Quote from KeithOmalley:

actually i think this is wrong. the moment they started banking was in the 1850's, the moment fdic started was in the 1930, and they have been fdic insured, since the fdic started

sorry was talking about emmigrant, not ING

 

[coolweb]

transfered out of emigrant
thanks for the notice.

elitetrader is very good at that.. finding out info and posting it


Ｉalso checked all my other bank accounts for stars,seems like 1 out of 5 banks have 1 star, 80i% non-performing loans

thanks again to danxdg

 

[DarthSidious]

If you have less than 250K in the account(s), exactly how do you care how crappy their financial position is?

 

[Anaconda]

Quote from DarthSidious:

If you have less than 250K in the account(s), exactly how do you care how crappy their financial position is?

FDIC is broke.

 

[GTS]

Quote from sabunabu:

Is Emigrant Bank the same as Emigrant Direct (online savings bank)?

https://www.emigrantdirect.com/

Any questions?

 

[DarthSidious]

Quote from Anaconda:

FDIC is broke.

Sure. In other news, the sky is coming down...

 

[Anaconda]

Quote from DarthSidious:

Sure. In other news, the sky is coming down...

You're an ignorant fool.

FDIC does not have the funds to cover the regionals which have started collapsing. They have even warned about this.

 

[GTS]

Quote from Anaconda:

FDIC does not have the funds to cover the regionals which have started collapsing. They have even warned about this.

As long as the government can print money the FDIC will never be broke.

"FDIC deposit insurance is backed by the full faith and credit of the United States government" = gov't will backstop them

 

[zdreg]

Quote from peilthetraveler:

Ah, I didnt notice. All i know is about 12 to 18 months ago when i did some research on them, they were NOT FDIC insured. I just figured they still were not.

it was FDIC insured 12months ago.

you have problems admitting u are wrong.