Quote:
Meantime, the meltdown in the banking sector continues with rumors that Bank of America may pick up the remnants of Lehman.
Then there's Washington Mutual trying to reassure anyone who doesn't have fear in their eyes that they have enough money to press on.
Just a reminder, you want to drop by the government's FDIC web site, the Office of Thrift Supervision and the Credit Union sites after the close. It's Friday - so the bank failures are announced after market close today. Last week's loser: Silver State Bank of Nevada.
The Great De-Levering is on!
|
I am in Atlanta. We saw some craziness with Integrity Banks closing. Hard to believe Lou Dobbs lost almost everything on that one. Since he was an investor in the establishment of the bank, does he get 100k from the fdic?
lol
Has anyone experienced one of these bank closings yet? What happens to your money and when do you get access to it or a check from the fdic?
Do you have to submit a claim with them or something?
Does it take weeks to get your money from them?