Anybody Bank At One of These?

by **bratticus** » Thu 12 Feb 2009, 17:30:22

http://bankimplode.com/list/troubledbanks.htm

by **Ferretlover** » Thu 12 Feb 2009, 20:45:41

We bank through a credit union. With Michigan and Rhode Island having the highest state unemployment rate (around 10%), I wonder how the banks in those states are going to stay afloat.

by **Troyboy1208** » Thu 12 Feb 2009, 23:51:52

That list is five months old

by **pup55** » Fri 13 Feb 2009, 11:26:18

At our house, we diversify our banking, making sure to keep under the maximum for FDIC insurance, and also, making sure we take advantage of the slightly higher CD rates offered by some of these troubled banks, so we spread it around a bit.

Thus far in the meltdown, one of our banks was forcibly acquired by one of the bigger banks, and one of our others is still functioning but on this list. When the takeover happened, I was delighted: I get the best of both worlds... they have to honor the original CD rate, plus I am now with a more stable bank.

Interestingly, the actual buildings that these banks occupy are invariably palaces.... highly polished marble floors, well-appointed offices with original artwork, attractive tellers and officers, just wonderful. Also, I can't tell you how many times we have gone in there during normal business hours and found no other customers.....

As long as the banks are FDIC insured, I am not too worried about it frankly. When the FDIC goes broke, all hell will break loose, however.

I'm surprised the Commerce Bank of Beverly Hills is not on there. Mr. Drysdale and Ms. Hathaway must be taking good care of their depositors, as they have since the 60's.

by **mattduke** » Fri 13 Feb 2009, 11:39:02

All banks are inherently bankrupt.

by **Ferretlover** » Fri 13 Feb 2009, 15:02:45

$this->bbcode_second_pass_quote('Troyboy', 'T')hat list is five months old

by **bratticus** » Mon 16 Feb 2009, 13:06:02

$this->bbcode_second_pass_quote('Troyboy1208', 'T')hat list is five months old