Year to date 2009, the FDIC has closed 52 banks. Smell fishy to you? How many of these underfunded critters are out there? Could my new bank be next?
Just follow the money trail....
Thursday, July 9, 2009
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IndyMac Depositors is a hub for uninsured depositors affected by OTS and FDIC mis-management at high levels. We'll bond together, press for legislative change to include those affected by the failure in revised FDIC insurance limits. Return of our deposits that were taken using purposeful, deceptive measures at higher levels of mis-management is our goal. Lastly, we'll recover peace of mind, knowing our government really does work for US. Congress members ARE employees of taxpayers.
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The FDIC does not close banks. The state regulators close the bank and name the FDIC receiver. Your new bank should be a bank deemed "too big to fail". BOFA, WELLS, CHASE, CITI.
ReplyDeleteThen again, if you just follow the rules and spread your fortune out, you'll always be insured and never lose a dime, no matter which little critter fails.