Which US bank will experience panic first?

Quote from mekas:

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

I already spoke about this in another thread, my mom had some money in one of their banks. She got her money out, but barely. Most were not able to. This was days before the Fed stepped in to save CFC.

She also found out, along with other clients that FDIC isn't worth a d*mn thing. You won't see your money back for years, if ever.
 
Today I found out that a credit union I had some money with in Colorado (5 years ago) blew up and was taken over by feds. They wrote a bunch of bad mortgages and it came back on them. My friend is married to the CFO...

:D

Norlarco Credit Union
 
i have my money in huge banks like bac and wachovia and suntrust. if the have problems then everything is worthless. fdic will pay all period no matter how much they ahve to print
 
OK, now that E*Trade just warned and started unloading pieces of the firm, I am beginning to worry about Schwab.

They started doing mortgages a few years ago. I think their bank is separate from the brokerage, but still.
 
Quote from Hydroblunt:

I already spoke about this in another thread, my mom had some money in one of their banks. She got her money out, but barely. Most were not able to. This was days before the Fed stepped in to save CFC.

She also found out, along with other clients that FDIC isn't worth a d*mn thing. You won't see your money back for years, if ever.
More...
Eventually things stabilized and Countrywide Bank didn't fail. As far as I know no depositors lost any money. The bank is still operating normally:
Countrywide Bank Website
Here's the FDIC list of bank failures: Bank Failures
Customers of failed banks who have insured accounts usually get their funds back relatively quickly up to the limit of the insurance coverage. Customers with balances in their accounts exceeding the FDIC coverage limit could have to wait years for assets of the bank to be sold to get any of their uninsured funds back and in some cases haven't been completely reimbursed for the uninsured funds as the failed bank's remaining assets weren't sufficient to cover them.
 
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