Bank Watch

[The Wolf]

http://www.thedeal.com/dealscape/2008/09/b...mors_galore.php

 

In light of the WaMu takeover and sale, I did a quick Google search for a "Bank Watch" site, one place where we could find information regarding bank rumors, goings on, and in general, be on the lookout for trouble before it hits. We gotta do what we can to protect our assets, right?

 

The above link looks pretty decent, so you may want to check frequently.

 

Also...I saw an interview with Suze Orman and she indicated that the best way to see if your bank(s) is/are in trouble is to continually monitor its stock price. That is the best indicator of health and possible trouble.

 

She also said that FDIC insurance is up to $100K (we pretty much all knew that) but the limitaton on that is that the $100K is only on one account at one bank brand. So...having 5 accounts, each with $100K at different BofA branches does not cut it, as you will only be insured for $100K...not $500K. Diversify funds among different bank brands (BofA, Commerce, Chase, etc).

 

If anyone has any news/links of note, this would be a good place to post it.

[dmarc117]

http://www.thedeal.com/dealscape/2008/09/b...mors_galore.php

 

In light of the WaMu takeover and sale, I did a quick Google search for a "Bank Watch" site, one place where we could find information regarding bank rumors, goings on, and in general, be on the lookout for trouble before it hits. We gotta do what we can to protect our assets, right?

 

The above link looks pretty decent, so you may want to check frequently.

 

Also...I saw an interview with Suze Orman and she indicated that the best way to see if your bank(s) is/are in trouble is to continually monitor its stock price. That is the best indicator of health and possible trouble.

 

She also said that FDIC insurance is up to $100K (we pretty much all knew that) but the limitaton on that is that the $100K is only on one account at one bank brand. So...having 5 accounts, each with $100K at different BofA branches does not cut it, as you will only be insured for $100K...not $500K. Diversify funds among different bank brands (BofA, Commerce, Chase, etc).

 

If anyone has any news/links of note, this would be a good place to post it.

 

 

yea i found out too. but you can add another 100k if you have a joint account.

 

from the ing website.

Your deposits at ING DIRECT are FDIC insured up to $100,000 per depositor. Keep in mind that individual and joint accounts are insured separately, so if you have both types of accounts with us, your total deposits can be insured up to $200,000; that's up to $100,000 in all of your individual accounts, and up to an additional $100,000 in all of your joint accounts.

[The Wolf]

yea i found out too. but you can add another 100k if you have a joint account.

 

from the ing website.

 

+1. Failed to mention that...thanks!