I guess I am not as concerned about the possibility of a bank failure here locally since I am way under the FDIC limits, but is anyone else thinking that it might be safer to stuff it all in the mattress and wait it out? I'd be interested to hear from local banks this week if they are seeing folks panic yet. I was at three local banks this afternoon and all seemed calm. Too bad today's banking executives aren't cut from the Jimmy Stewart mode:
Stock market crash - any local banks in danger?
Comments ... #
Eh?
They make loans from money created out of thin air.August 06, 2007
You can check bank ratings here - http://www.bankrate.com/brm/safesound/ss_home.asp
It's 4% of the market people. Calm the F down and stop living on credit and pay your damn bills.
posted by SillyWabbit on Sep 16, 2008 at 07:37:29 am #
<i>stop living on credit</i>
Good advice, but for those of us that aren't millionaires, credit is necessary to purchase homes and cars at the very least....
My personal concerns are the balance sheets of National City and Key Bank. Both have a high
percentage of delinquent construction loans.
http://www.thestreet.com/story/10419822/1/construction-loans-threaten-some-banks.html
posted by holland on Sep 15, 2008 at 08:37:42 pm #