Which US bank will experience panic first?

GaryN · Sep 17, 2007

I still have a case of pork and beans I bought at the onset of Desert Storm.

scriabinop23 · Sep 17, 2007

Quote from GaryN:

I still have a case of pork and beans I bought at the onset of Desert Storm.

thats an issue... we might have botulism outbreaks from all those 10 yr old cans being put to use.

stock up on your botulism antibiotics.

islands111 · Sep 17, 2007

Quote from a529612:

Any thoughts?

none

its a stupid question from someone whos been reading too many bearish articles

The Kin2 · Sep 17, 2007

If you have less than 100k, who gives a fuck. FDIC is better than your mom

mekas · Sep 17, 2007

Did everyone miss the mini-run on Countrywide Bank a month ago?
Countrywide bank customers fret over deposits
Countrywide tries to calm bank customers

mekas · Sep 17, 2007

Quote from Eliot Hosewater:
I use a credit union for the small stuff. How safe are they?

Is your credit union a participant in the NCUSIF?
"The National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government."
NCUA Website

donnap · Sep 17, 2007

Funny stuff.

My Y2K cans of corn have fermented. I'll be rich! - er, richer - yeah, that's right.

Spooz Top · Sep 17, 2007

for the record,FDIC is not a 100% guarantee by any stretch.

most of FDIC`s money comes from other banks....when fdic rescues weak banks by charging heathier ones higher premiums.if banks collapse in great enough numbers....fdic will be unable to rescue them all.

Matt24SPFL · Sep 17, 2007

Quote from Spooz Top:

for the record,FDIC is not a 100% guarantee by any stretch.

most of FDIC`s money comes from other banks....when fdic rescues weak banks by charging heathier ones higher premiums.if banks collapse in great enough numbers....fdic will be unable to rescue them all.

The FDIC is as guaranteed as most people think the Federal Reserve is 'federal.'

The FDIC has 8 years to get you your money back in the event of a bank run.

You don't think the 8 years is PLENTY of time for The Fed to print you some worthless greenbacks in the event of a bankrun?

Spooz Top · Sep 17, 2007

Quote from Matt24SPFL:

The FDIC is as guaranteed as most people think the Federal Reserve is 'federal.'

The FDIC has 8 years to get you your money back in the event of a bank run.

You don't think the 8 years is PLENTY of time for The Fed to print you some worthless greenbacks in the event of a bankrun?

Exactly,lol........or they`ll convince us that we`re lucky to even recieve .25cents on the debased/devalued almighty US dollar.

something smells rotten in denamark, er i mean usa......catastrophic event of `07 right around the corner.