Cops to IndyMac customers: Remain calm or face arrest

[AngelinaCatHub]

Yes, here at my office in KS, we were watching the Indymac coverage. I work in an office with a RE Invstment firm that has several accounts at various banks that have over $100K -- they were going over the lists while we were at lunch the other day and deciding how to move the money around. Everyone is scared.

I picture the Indymac scene looking like the Savings & Loan in "It's A Wonderful Life".

I'm personally thankful that I'm broke.

[Frogge]

You cannot eat dollar bills. If you want a very good currency and can afford it, collect pre 1965 dimes. A single 9.0 silver dime is worth more [intrinsically] than a hundred dollar bill.

Hub, my husband's mom started a coin/bill collection for him a long time ago, and we have some very interesting stuff in the safe that I haven't even thought about. I am not sure any of them are worth a whole lot, but it's cool stuff to have.

[Bandit]

I'm personally thankful that I'm broke.

I am too. My cousin keeps telling me I am filing at a very unique time due to all the economic problems & that extra BKs & failures are to be expected.

so being broke is not a bad thing right now & in the very least we dont have to worry as much as the Kings & Queens

[banca rotta]

Lets see how many people are still dumb enough to keep more than 100k in a single bank account. The "FDIC insured 100k per account" placards are posted in the lobbies of all of these banks. Diversify people

JR Scott is correct about it being with the institution and not the account but I do agree with what you are saying. Its written on the walls!! How can anyone over 20 years old not know this by now? Oh well

Maybe someone with over 100k will read this and explain why they did it. I'm curious.

BTW congress is working on raising it to 250k for retirement accounts. That's good news! All we need is the 250k to invest. LOL

[banca rotta]

CORRECTION to my previous post. It's been 250k for a little over 2 years. I guess since most people with that much money do not keep it in a bank no one really knows this.



Principal and interest on insured accounts, through July 11, 2008, are fully insured by the FDIC, up to the insurance limit of $100,000. You will receive full payment for your insured account. Certain entitlements and different types of accounts can be insured for more than the $100,000 limit. IRA funds are insured separately from other types of accounts, up to a $250,000 limit.

http://www.fdic.gov/bank/individual/failed/IndyMac.html

[banca rotta]

Federal regulators seize IndyMac Bank
http://www.youtube.com/watch?v=39ZDmzjTUbs

Pretty sad stories.

Not to change the subject but between this (FDIC), Katrina (FIMA), and your very own Dept of Motor Vehicle office or even Social Security, does anyone here still want a "Government spondered health care system"?

The above is only about money. The above youtube link would be a typical day at the hospital if the Goveernment ran it. True more people would be insured but you would wait on line just like that wondering what's going on and being told to come back tomorrow or the next day.

[WhatMoney]

Not to change the subject but between this (FDIC), Katrina (FIMA), and your very own Dept of Motor Vehicle office or even Social Security, does anyone here still want a "Government spondered health care system"?

But you ARE changing the subject and hijacking this thread. What do your rants about "Government spondered health care system" really have to do with a minor bank run in Pasadena for a couple days?

The above youtube link would be a typical day at the hospital if the Goveernment ran it. True more people would be insured but you would wait on line just like that wondering what's going on and being told to come back tomorrow or the next day

Well, Medicare IS a government run health care system. WHERE are the lines and riots? Come On let's see the U-tube videos of Seniors on Medicare waiting in lines for 12 hours to see a doctor. 45 Million Americans are presently receiving their health care from Medicare, a government run health care system. By 2031, 77 Million Americans will receive their health care from Medicare.

Medicare has lower administrative costs than any private health insurance, because it doesn't don't have to pay the million dollar salaries to the CEO's and support the greedy shareholders of private health insurance companies. With health care for profit, the costs always skyrocket. This is our PRESENT health care system for those under 65 in this country. How the hell can you support this? Do you have any idea what the rest of the world has accomplished with health care for all their citizens?

Watch this program, if you dare:

http://www.pbs.org/wgbh/pages/frontl...roundtheworld/
.