Federal insurance program protects most bank deposits

This article is a joke. The FDIC only has less than 1% of the funds needed to pay people. And our fractional banking system is a house of cards waiting to happen. It's all predicated on people having confidence in the system. The best piece I've ever seen done on this topic is at http://bnnreports.com/money/index.html
It's something like 30 minutes or whatever, but it'll open your eyes to why going off the gold standard was a bad idea.

Bank Atlantic is number 6 on the FDIC/OTS list of possible bank failures.

Dont beleive it,When the Banks go,so does all your fake money....Dont trust them,they Are Crooks

I just switched my accout to the new River Bank,but I wish they would take the wheels off their Fleet Would office trailer

And watch, the person who wrote this article, alerting everyone to the potential danger will somehow end up on the terrorist watch list. Its amazing you know, the current administration won't pause for a second to warn everyone that we are on condition yellow, or orange or even pause for one in telling us how dangerous the new "ism" - "terrorism" is to us. But this kind of danger, one created essentially by their neglect will be tossed aside as "mental recession."

Unbelievable when you think about it. Here's my suggestion: Vote. Please vote everyone. Here's Florida's new state slogan:

"Vote once, vote twice - it doesn't count anyway... Florida."

Mmmmmm, another article of doom and gloom and panic by this newspaper. Yea, now just wait and see how many people will be running to their bank because its not rated above 2 stars and removing their money. Nice work there Sun Sentinel in putting fear into the public about their banks.

Yes, my bank is in danger of collapsing. The Wachovia building in Davie has a bad case of termites and may fall any day !

bankimplode.com

Bill wrote:

Mmmmmm, another article of doom and gloom and panic by this newspaper. Yea, now just wait and see how many people will be running to their bank because its not rated above 2 stars and removing their money. Nice work there Sun Sentinel in putting fear into the public about their banks.

Panic by this newspaper? I think not, actually they are a little late with this news. It has been on national wire news for quite some time.

What A Joke wrote:

This article is a joke. The FDIC only has less than 1% of the funds needed to pay people. And our fractional banking system is a house of cards waiting to happen. It's all predicated on people having confidence in the system. The best piece I've ever seen done on this topic is at http://bnnreports.com/money/index.html
It's something like 30 minutes or whatever, but it'll open your eyes to why going off the gold standard was a bad idea.

Well I agree with you about that before I even check out the report you cited. Thanks a lot, Richard Milhouse Nixon!! And thanks for helping to open China's markets, too. They own us now.

This article could have been written much, much better, I certainly agree with you there. This is a topic that people should understand, rather then just blindly panic and withdraw money.

So, I will boil it down really quickly here.

If you have under 100K (per bank account) you WILL be made whole should your bank fail. The only risk you run is that you may lose access to the money for a significant period of time with the FDIC insurance pays out.

If you have over 100K (per bank account) you will LIKELY be made whole again. It's not a definite at this point, it depends how "bad" your bank is and how many assets are left after the regulators swoop in. However, I would also mention, if you have over 100K in any one bank account, you need to have your head examined. You can have MANY accounts with 100K and have them all fully insured.. So, if that's your situation, it may be prudent to spread you're money across several banks.

Bill wrote:

Mmmmmm, another article of doom and gloom and panic by this newspaper. Yea, now just wait and see how many people will be running to their bank because its not rated above 2 stars and removing their money. Nice work there Sun Sentinel in putting fear into the public about their banks.

Neocon socialism is rampant in the form of banks bailouts.

Dont even get me started on Freddie and Fanny.

Navy Seal wrote:

And watch, the person who wrote this article, alerting everyone to the potential danger will somehow end up on the terrorist watch list. Its amazing you know, the current administration won't pause for a second to warn everyone that we are on condition yellow, or orange or even pause for one in telling us how dangerous the new "ism" - "terrorism" is to us. But this kind of danger, one created essentially by their neglect will be tossed aside as "mental recession."
Unbelievable when you think about it. Here's my suggestion: Vote. Please vote everyone. Here's Florida's new state slogan:
"Vote once, vote twice - it doesn't count anyway... Florida."

this should be lil to no worry for you, as you have lil or no money in the bank. So, this is of lil consequnece to many in so fla. to bad Visa or Mastercard dont collapse and stop sending u monthly statements. baaahhhhhhhh

Bank Atlantic wrote:

Bank Atlantic is number 6 on the FDIC/OTS list of possible bank failures.

Any url where you can see that?

What happens when the FDIC runs out of money?

Healthy Skeptic wrote:

<quoted text>
Well I agree with you about that before I even check out the report you cited. Thanks a lot, Richard Milhouse Nixon!! And thanks for helping to open China's markets, too. They own us now.

how does "China own us"

so they make out shoes, toys and other junk. This frees Americans to make tanks, jet fighters, air-craft carriers and nuclear submarines. Cars, jumbo jets, bull-dozers, space-shuttles, and high-tech gear.

We help feed China with our grain, they cant even feed themselves.

Americans need and have high-tech jobs, what do you want, for Americans to start making your Converse and Levis again? Leave that to the sweat-shops.

They print more.

*Seriously*

It's a federal agency, they cannot actually run out of money, they have a printing press. Now the question is, what would the effect of all that printing be on inflation?

Christian Mom wrote:

What happens when the FDIC runs out of money?

What A Joke wrote:

This article is a joke. The FDIC only has less than 1% of the funds needed to pay people. And our fractional banking system is a house of cards waiting to happen. It's all predicated on people having confidence in the system. The best piece I've ever seen done on this topic is at http://bnnreports.com/money/index.html
It's something like 30 minutes or whatever, but it'll open your eyes to why going off the gold standard was a bad idea.

sadly, almost everyone reading your paragraph have know idea what your talking about. your educated beyond the system. people need to know why things are happening to our system of credit and WHY our "FIAT EMPIRE" will collapse soon! people should go to the library and buy the "CREATURE FROM JECKYLL ISLAND"
AUTHOR G. EDWARD GRIFFIN.
BANKS THAT FAIL GET BAILED OUT. THATS WHY THE PEOPLE THOUGHT THE FEDERAL RESERVE SYSTEM WAS GOOD ALMOST HUNDRED YEARS AGO. WHAT THEY DID NOT REALIZE IS THAT THE PURCHASING POWER OF THE FRN( ONE DOLLAR ) HAS DROPPED 90% OVER THAT TIME. OUR SYSTEM WILL COLLAPSE, ALL FIAT SYSTEMS COLLAPSE EVENTUALLY.

Patriot wrote:

<quoted text>
how does "China own us"
so they make out shoes, toys and other junk. This frees Americans to make tanks, jet fighters, air-craft carriers and nuclear submarines. Cars, jumbo jets, bull-dozers, space-shuttles, and high-tech gear.
We help feed China with our grain, they cant even feed themselves.
Americans need and have high-tech jobs, what do you want, for Americans to start making your Converse and Levis again? Leave that to the sweat-shops.

Have you no American pride?

What next?

A John Deere plant in China?

A Harley plant in Mexico?

US banks collapse??
No more mortgage payment, you own the house!!!