The local credit union I use sent me an email saying I was 100% insured up to 1,000,000...
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Very concerning call today…..
- Thread starter halo696
- Start date
I haven’t received anything from Regions yet
They suck as bad as truist and BOA combined
I wouldn’t get too worried at this point. Yes, there will be more bank failures. But I think most financial institutions are now making adjustments.
But don’t misinterpret me; this never should have happened. The Biden administration has completely mismanaged the economy. And if banks had been had paid a fraction as much attention to good investment practices as it did to DEI, this never would’ve happened.
But don’t misinterpret me; this never should have happened. The Biden administration has completely mismanaged the economy. And if banks had been had paid a fraction as much attention to good investment practices as it did to DEI, this never would’ve happened.
I read something that said credit unions are safer than banks how true I can't say.
Phasing some old deals out and running out of assets.
The Government knows exactly what they are doing
The Government knows exactly what they are doing
In general, they tend to be. They're typically far less leveraged, and typically don't invest in such exotic instruments as banks - particularly mid-market banks who want to climb up the asset rankings.
While they aren't insured by the FDIC, they are covered by their own insurer, NCUA.
I’m not that worried as I don’t keep a lot of money in “banks”. I keep rainy day funds and general expense funds, but the vast majority of everything I have is tied up in long term investments. Granted, I don’t run a business anymore, so there is no real reason for me to keep a large portion of cash on hand.
without a doubt BofA.....I wouldn't care if they just disappeared(or worse)....they are the worst...by far!!!!!!!
Oh....btw....nobody called me....the ODT has HEAVY HITTERS when banks call them!!!
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