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View Full Version : How financially secure is your bank?


purplerose22603
07-15-2008, 05:35 AM
With that bank out in California going down the tubes and Bear-Sterns a few months ago, how is your bank doing? FDIC says there are 90 other banks in this country that are on their watch list, that could fail very soon. I wanted to know how my bank was doing, so I typed in FDIC watch list. The Federal Deposit Insurance Corp. does not publicly publish the list. But it did give a link to; http://www.bankrate.com/brm/safesound/ss_home.asp (http://www.bankrate.com/brm/safesound/ss_home.asp)
It will list all banks in the country with a 1 to 5 star rating. 1 star is not very good, 5 star is excellent. For example, my bank ,B B & T, was rated 3 stars.

A so called financial expert was on the news and said that as long as you didn't have more than $100,000 in any one account, you were safe, because it was guaranteed by the US Government. Is that supposed to make me feel good? The US Government is 9 trillion dollars in debt! That's $9,000,000,000,000.

Forwarded from vadirtlovers.

JRhodes
07-15-2008, 07:10 AM
Wow, my bank is sitting pretty good as well. Don't think I'd ever have to worry about having $100,000. Unless I hit the lottery, but then I spread it over several banks.

jhofficial
07-15-2008, 12:22 PM
Heres one thats not.

http://www.reflector.com/news/content/gen/ap/Banks.html

JRhodes
07-15-2008, 12:23 PM
Heres one thats not.

http://www.reflector.com/news/content/gen/ap/Banks.html

There's going to be a lot of folks that work with me that will be screwed if that happens. Our company has some kind of deal with them for something.

Racerchaser
07-15-2008, 12:50 PM
There's going to be a lot of folks that work with me that will be screwed if that happens. Our company has some kind of deal with them for something.


So does the Philadelphia Stadium
the Wachovia Center is the home of the NHL Philadelphia Flyers and NBA Philadelphia 76ers.

Cutie
07-15-2008, 07:23 PM
I think I did that right. My bank has three stars also WHEW!!! Thanks for sharing!!