netbank goes under due to mortgage defaults

Quote from Allen3:

As an unfortunate netbank customer I guess I would be one of them. From what I can tell now all of my money has been FDIC insured up to 100 k. I have been transferred to another bank with deposits in the billions. Do you contend that this bank is only FDIC insured up to 100 million in deposits or are you just a stupid F#*k!

What bank (unless it is the smallest village bank you can find) doesn't have over 100 million in deposits. Now if you are talking about the people who have over 100k in their accounts with a certain bank then I agree.


JIM:confused:
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Dude my bank closed. GIVE ME A BREAK! You seemed to be saying I was an idiot for being in a small bank. Anyway if you read the next paragraph I agreed with you. I didn't have over 100k in the place so hopefully no loss to me, but a lot did.

Sorry if I don't know the correct prefix for your country/century. k has always meant thousand in the US I believe its the abbreviated Kilo. I'll have to go back and tell my math and science teacher they suck.:)

Anyway sorry. Didn't mean to hurt feelings. If any can be hurt on an anonymous message board.

JIM

Just so we can all get along. Here's a bit of a break down of the prefixes. By this you are correct with your lower case m works if you meant milli- m Thousandth 0.001, but if your headed that direction you've got to go with a crazy backwards y thingy for a million. and then n becomes a billion. So I guess the B is for burrito's (yummy). Some people may be confused, but I'm totally with ya.

Prefix Symbol Short scale Long scale Decimal equivalent

yotta- Y Septillion Quadrillion 1 000 000 000 000 000 000 000 000
zetta- Z Sextillion Trilliard (thousand trillion) 1 000 000 000 000 000 000 000
exa- E Quintillion Trillion 1 000 000 000 000 000 000
peta- P Quadrillion Billiard (thousand billion) 1 000 000 000 000 000
tera- T Trillion Billion 1 000 000 000 000
giga- G Billion Milliard (thousand million) 1 000 000 000
mega- M Million 1 000 000
kilo- k Thousand 1 000
hecto- h Hundred 100
deca- da Ten 10
(none) (none) One 1
deci- d Tenth 0.1
centi- c Hundredth 0.01
milli- m Thousandth 0.001
micro- µ Millionth 0.000 001
nano- n Billionth Milliardth 0.000 000 001
pico- p Trillionth Billionth 0.000 000 000 001
femto- f Quadrillionth Billiardth 0.000 000 000 000 001
atto- a Quintillionth Trillionth 0.000 000 000 000 000 001
zepto- z Sextillionth Trilliardth 0.000 000 000 000 000 000 001
yocto- y Septillionth Quadrillionth 0.000 000 000 000 000 000 000 001
 
Now the roman numeral prefixes are: Drum roll please..........

1000= M :( You gotta use the upper case.

and MM means 2000. Son of a ....

1000000=
_
M

I'm getting confused. It's starting to look like your just using anything you want to stand for anything you want and I'm supposed to know. :confused: I had such high hopes we could come together here. Thanks for the math lesson though.

JIM:D
 
Anyone who lost money by staying a depositor with NetBank is a moron.

As harsh as it may be, at least console yourself in the fact that the world needs many of you.

I was with Netbank from 2003 till about 2006. The problems became occuring in the last few years. Their stock has been in a downward spiral for years. Everbank came onto the scene and they are a much better internet bank so I ended up going there.
 
Quote from Red_Ink_inc:

Wow, good old NTBK. I will always remember you fondly NTBK as you were one of my biggest ever scores. Thank you for the 100 points in less than 24 hours back in '99.

Rest in Peace. :D
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i remember this...
 
Quote from Hydroblunt:

Anyone who lost money by staying a depositor with NetBank is a moron.

As harsh as it may be, at least console yourself in the fact that the world needs many of you.

I was with Netbank from 2003 till about 2006. The problems became occuring in the last few years. Their stock has been in a downward spiral for years. Everbank came onto the scene and they are a much better internet bank so I ended up going there.
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I maybe. I'm not a individual stock investor. I went and looked at a chart and would have known there were problems if I followed the stock. Not been on the financial news I watch either. If you didn't hang around in the stock world or live in Atlanta, GA, you may have been just paying your e-bills and not even considering your bank could go out of business. Perhaps a moron I be. I don't think I've lost anything though.

By the way your Everbank bought a lot of crap from Netbank. Watch out I will wear the moron hat now, but will proudly present it to you in the future????:D

JIM
 
Quote from Allen3:

I maybe. I'm not a individual stock investor. I went and looked at a chart and would have known there were problems if I followed the stock. Not been on the financial news I watch either. If you didn't hang around in the stock world or live in Atlanta, GA, you may have been just paying your e-bills and not even considering your bank could go out of business. Perhaps a moron I be. I don't think I've lost anything though.
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I live in NYC, that still did not prevent me from noticing when Netbank started going down the tubes. Just common sense from dealing with the bank, even if it was mostly E-bills.
Let alone their stock and I only looked at their stock because I was very happy with their bank at first and was looking to invest.

By the way your Everbank bought a lot of crap from Netbank. Watch out I will wear the moron hat now, but will proudly present it to you in the future????:D

JIM
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They bought some assets for a discount, because Netbank was desperate for cash to keep their liabilities afloat. That was early this year, prior to Netbank going sub $2 stock.

Come on man, this is YOUR money you're talking about. Have some responsibility about it. You don't have to babysit the bank, just keep an open eye for signs.
 
Quote from Hydroblunt:

I live in NYC, that still did not prevent me from noticing when Netbank started going down the tubes. Just common sense from dealing with the bank, even if it was mostly E-bills.
Let alone their stock and I only looked at their stock because I was very happy with their bank at first and was looking to invest.



They bought some assets for a discount, because Netbank was desperate for cash to keep their liabilities afloat. That was early this year, prior to Netbank going sub $2 stock.

Come on man, this is YOUR money you're talking about. Have some responsibility about it. You don't have to babysit the bank, just keep an open eye for signs.
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My lesson is learned. I thought I was smart about money. Run a good budget. Dot my t's and cross my o's, but I think moron is a bit rough. Most Americans don't think of things going out of business. Especially banks. Look at Enron and the like. Not an excuse, just giving rationale. Sometimes you have to learn by experience. Net bank is not my only bank, I have money elsewhere. Knew enough to do that. Still it comes as a shock when your bank closes and there really wasn't much info in the mainstream to come across in my and obviously all lot of others everyday lives.

Again if my money is gone, I will deal with it and learn from it and probably be over cautious from now on. I never had a problem with Netbank. As of 2:59 PM was perfectly happy with my bank. If you got their number early that's great I'm happy for you. But, don't forget the reason you were tracking things initially was because you were happy with them and thought about investing in the stock. A lot of people probably didn't know that Netbank had stock let alone knew how to find out about it. Don't give me a break, I feel like an idiot that should have known better, but give people that think of banks as safe places to put their money a break. For them this really sucks.

JIM
 
Quote from Allen3:


Again if my money is gone, I will deal with it and learn from it and probably be over cautious from now on. I never had a problem with Netbank. As of 2:59 PM was perfectly happy with my bank. If you got their number early that's great I'm happy for you. But, don't forget the reason you were tracking things initially was because you were happy with them and thought about investing in the stock. A lot of people probably didn't know that Netbank had stock let alone knew how to find out about it. Don't give me a break, I feel like an idiot that should have known better, but give people that think of banks as safe places to put their money a break. For them this really sucks.

JIM
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ING takes over deposit accounts of Netbank. To those depositors, give it a few days to get your notices and access to money.

http://www.ajc.com/business/content...etbank_0929.html?cxntlid=homepage_tab_newstab
 
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