http://www.reuters.com/article/marketsN ... 810?rpc=44
$this->bbcode_second_pass_quote('', 'A')ug 10 (Reuters) - Bank of America Corp., the second-largest U.S. bank, on Friday sold $2 billion in three-year floating rate notes, market sources said. Bank of America Securities LLC was the sole book-running manager for the sale, the sources said.
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Bank Of America Sells $2 Billion In 3-Year Notes
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Bank Of America Sells $2 Billion In 3-Year Notes
by OilIsMastery » Fri 10 Aug 2007, 14:50:15
Yet another sign of Armageddon. It must be global warming. /wrists in the bathtub while listening to Morrissey.
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Re: Bank Of America Sells $2 Billion In 3-Year Notes
by Denny » Thu 23 Aug 2007, 17:55:35
Since it is issued by a bank, as long as you invested less than $100K, and its for 5 years or less term, would it not be insured by CDIC?
So, it could still be safe.
So, it could still be safe.
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Re: Bank Of America Sells $2 Billion In 3-Year Notes
by Plantagenet » Thu 23 Aug 2007, 18:48:05
In the US the FDIC insures deposits up to 1,000,000 dollars. 
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Re: Bank Of America Sells $2 Billion In 3-Year Notes
by Roccland » Thu 23 Aug 2007, 18:57:34
$this->bbcode_second_pass_quote('Plantagenet', 'I')n the US the FDIC insures deposits up to 1,000,000 dollars.
No it doesn't.
100K is limit
And then what does "insure" mean ...if it takes 10 years to get your cash - your dead broke for ten years.
500 MPH into a brick wall - me
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Re: Bank Of America Sells $2 Billion In 3-Year Notes
by Tyler_JC » Thu 23 Aug 2007, 21:47:51
$this->bbcode_second_pass_quote('Roccland', '')$this->bbcode_second_pass_quote('Plantagenet', 'I')n the US the FDIC insures deposits up to 1,000,000 dollars.
No it doesn't.
100K is limit
And then what does "insure" mean ...if it takes 10 years to get your cash - your dead broke for ten years.
FDIC FAQ
$this->bbcode_second_pass_quote('', '
') The FDIC protects you against the loss of your insured deposits in the unlikely event that an FDIC-Insured Institution fails. If you or your family's deposit accounts at one FDIC-Insured Institution total $100,000 or less, your deposits are fully insured. If you or your family has more than $100,000 at one insured institution, you can still be fully insured if your accounts meet certain requirements. You can use EDIE to determine your insurance coverage beyond the basic $100,000 amount.
Note: Federal law provides up to $250,000 in insurance coverage for deposits held in Individual Retirement Accounts (IRAs).
It looks as though if you want to get more FDIC protection, you need to set up an IRA and establish multiple bank accounts at multiple institution. The other option is setting up a second (or third, fourth, fifth, etc.) beneficiary for the account, adding $100k of protection per account. However, this could cause problems if one of those beneficiaries tries to steal your money...
Additionally, if you have a dozen different bank accounts, the risk of losing all of your deposits goes down dramatically. (Generally, the majority of the world's major banks don't declare insolvency on the same day)
In short, Roccland is right. (We agree twice in the same day! Is this a sign that the Rapture is near?)
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