Posts Tagged ‘banks’
Is FDIC really going to go under and cause a depression?
June 24th, 2009
I heard the FDIC (The company that protects peoples money in the bank) is going to go away. Why is this? If banks go under and peoples money was in it and there money is now gone because FDIC is not around? What is going on with FDIC? I am 19 and starting to get into Economics.
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Is it safe to have deposits that exceed FDIC coverage?
June 21st, 2009
I am single and have a significant amount of cash in an account that only has 0,000 FDIC coverage. Should I open accounts in other banks to spread the FDIC insurance?
FDIC Insurance Limits and Indymac Bank Loan Modifications
June 18th, 2009
Sheila Bair, FDIC Chairman, explains the many concerns depositors have about their bank accounts due the recent bank failures. Depositors don’t have to worry if they are within the FDIC loan limits. She also talks about the FDIC loan modification program for IndyMac Bank customers. More info at: SCCRealEstateUncensored.com MiCasaMiDinero.com
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Tags: 'safe', accounts, bank, banks, casa, CD, certificates, checking, deposit, dinero, estate, failures, fdic, federal, finance, freeze, government, indymac, insurance, IRA, late, limits, loan, Loans, loss, market, mi, micasa, micasamidinero, midinero, mitigation, modification, modifications, money, mortgage, of, payments, Plan, prevention, rate, real, Savings, sccrealestateuncensored, treasury, trusts, U.S., uncensored | 
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Dow Average Drops GM And Citigroup
June 3rd, 2009
General Motors got kicked out of the Dow Jones industrial after 84 years. (Bloomberg News). Also kicked out of the Dow Jones Industrial Average was Citigroup. This comes as General Motors filed for Chapter 11 bankruptcy protection. The US Government will be GM’s main shareholder. Details of the bankruptcy will be released later. Another auto industry’s giant, Chrysler, has already filed for bankruptcy protection and is in process of ending agreements with dealerships. Ford is the only major US auto company that has not filed for bankruptcy protection.