Posts Tagged ‘fdic’
Is there any truth to the FDIC having 99 years to make payment?
July 4th, 2009
I have heard that the FDIC has up to 99 years to pay bank customers their money back. I would imagine this would have to be an extreme situation. Does anyone have any supporting data to support this?
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Posted in Financial Questions | 
Tags: bank customers, extreme situation, fdic, money | 
No Comments »
What happens to stock-as-collateral if your bank is taken over by the FDIC?
July 2nd, 2009
My dad took out a loan from a bank for the purpose of purchasing stock in another bank, and used his existing stock, plus what he just bought, as collateral on the loan. The lending bank is currently in possession of all his stock certificates, and has ,000 left on the loan (which is less than 1/10th of the value of the stock). It was announced last week that the FDIC is taking over the lending bank. Is he in danger of losing all of his stock holdings?
Posted in Financial Questions |
Tags: collateral, dad, fdic, possession, stock certificates, stock holdings |
2 Comments »
Where can I learn the list of other banks at risk for FDIC takeover?
June 30th, 2009
IndyMac, based in Pasadena, CA, is the second-largest takeover (Friday, 7/12/8) by the FDIC (Federal Deposit Insurance Corporation) in history.
Our local bank came under Department of Treasury scrutiny for "unsafe & unsound banking practices" last fall; and remedial measures agreed by the bank board & the Comptroller of the Currency (department of Treasury) are "still pending."
Is there any other method of public inquiry, other than resorting to the federal FOIA request system, which has been disregarded in wholesale proportions by the Geo. W. Bush administration?
Posted in Financial Questions |
Tags: amp, bush administration, comptroller of the currency, department of treasury, deposit insurance corporation, fdic, federal deposit insurance, federal deposit insurance corporation, federal foia, foia, foia request, local bank, pasadena ca, proportions, public inquiry, remedial measures, request system, scrutiny, takeover, wholesale |
1 Comment »
WaMu Truth: JP Morgan and FDIC Collusion
June 28th, 2009
Washington Mutual Shareholders were wiped out when the FDIC seized the bank on it’s 119th birthday. The bank was virtually raffled off to JP Morgan for measly 1.9 billion dollars. That includes 0 billion dollars in assets as well as all bank branches and their properties. The FDIC handed the WaMu over to JP Morgan, who in turn gave the FDIC WaMus NYC banks. That’s right, the people in charge of insuring and seizing failed banks can now zeize a bank and take over their branches without …
Posted in General |
Tags: bank, collusion, conspiracy, fdic, government, jp, morgan, mutual, new, nwo, order, seizeure, wamu, washington, world |
4 Comments »
Do you really think that the government is going to remove FDIC insurance limits?
June 28th, 2009
The front page of The Wall Street Journal today said that the government was considering removing deposit insurance limits. Do you really think that this is going to happen?
And if it does, would you still feel comfortable with a couple hundred thousand dollars sitting in one bank account?
I am just curious as to what people think about this new idea being brought up by FDIC.