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  #1  
Old 07-22-2010, 04:27 PM
EDWARD BERRY EDWARD BERRY is offline
 
Join Date: Jan 2002
Location: NW ARKANSAS
State: Arkansas
Professional Status: Certified General Appraiser
Posts: 1,987
Default 67% Of Deposites

657 Depositors In A Nw Ark Failed Bank, Were Notified That Those Who Had Over $100,00 In An Account Would Get About 67%.

Why Would Your Banker, Knowing That They Were Going Broke, Not Ask You To Come In, Do A Little Paper Work( Put All Over $100,000) In Other Accounts So As Not To Lose.

Of Course If You Are A Wall Street Bank The Taxpayers Will Take Care Of You.

Nothing For Poor Arkansas Depositors.
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Old 07-23-2010, 02:13 AM
Gregory Young Gregory Young is offline
 
Join Date: Sep 2009
State: Arkansas
Professional Status: Certified General Appraiser
Posts: 98
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Oh Ed, we're not victims. Surely someone with > 100K to put in a bank would know about the FDIC insurance limit. By the by...not sure why anyone with that level of free cash would even use an amerikan bank anymore hehe.
  #3  
Old 07-23-2010, 07:28 AM
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Mountain Man Mountain Man is offline
 
Join Date: Jan 2002
Location: North of the ATL.
State: Georgia
Professional Status: Certified General Appraiser
Posts: 15,330
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That is why our deposits are spread out over several community banks. And I would never use a mega bank because of the way they treated me in the past when doing residential appraisals.
  #4  
Old 07-23-2010, 09:00 AM
EDWARD BERRY EDWARD BERRY is offline
 
Join Date: Jan 2002
Location: NW ARKANSAS
State: Arkansas
Professional Status: Certified General Appraiser
Posts: 1,987
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Well, Today The Fdic Said It Was Only 297 Accounts Losing Money. To The Government's Credit, They Have Now Raised The Insured Limit To $250,000. And It Was Retro Active To 2008. But Still, 29 Accounts Had Over $250,000.

On Certain Days, Many Businesses Hit The $100,000 Amount. Next Day It Might Be $10,000. Its After 5m On Friday That Counts.
  #5  
Old 07-25-2010, 08:42 PM
Terrel L. Shields's Avatar
Terrel L. Shields Terrel L. Shields is offline
 
Join Date: May 2002
Location: Springtown, AmeRica
State: Arkansas
Professional Status: Certified General Appraiser
Posts: 39,377
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Read the big article on ANB and Dykema today in the paper? Hmmm...yes, them wasn't smart to be investing in Jackson Hole and Utah ski resorts
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