That She Felt The Need To Say This Means You Should Probably Withdraw
FDIC chair: Deposits in nation's banks are safe
"WASHINGTON (AP) — The nation's banking system is "absolutely safe" and Americans' insured deposits in banks protected, the head of the Federal Deposit Insurance Corporation said Tuesday.
"Insured deposits are absolutely safe," Sheila Bair, FDIC chairwoman, said in an interview on CBS' "The Early Show." "The banking system as a whole is absolutely safe."
As of 7:15 AM my time the Dow is down 200 points and the dollar is a brick.
U.S. bank shares plummet amid stability fears
"NEW YORK (Reuters) - The shares of major U.S. banks plunged on Monday amid fears about the sector's stability following Friday's seizure by regulators of IndyMac Bancorp Inc as withdrawals by panicked depositors led to the third- largest U.S. banking failure.
"It's the cockroach theory. You don't just have one bank failure -- when you have a big bank go under, there's always more than one..."
"WASHINGTON (AP) — The nation's banking system is "absolutely safe" and Americans' insured deposits in banks protected, the head of the Federal Deposit Insurance Corporation said Tuesday.
"Insured deposits are absolutely safe," Sheila Bair, FDIC chairwoman, said in an interview on CBS' "The Early Show." "The banking system as a whole is absolutely safe."
As of 7:15 AM my time the Dow is down 200 points and the dollar is a brick.
U.S. bank shares plummet amid stability fears
"NEW YORK (Reuters) - The shares of major U.S. banks plunged on Monday amid fears about the sector's stability following Friday's seizure by regulators of IndyMac Bancorp Inc as withdrawals by panicked depositors led to the third- largest U.S. banking failure.
"It's the cockroach theory. You don't just have one bank failure -- when you have a big bank go under, there's always more than one..."
posted by nolocontendere at 7:14 AM
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