Posted on July 1, 2010 by MoneyBob
Howard Davidowitz is a bear on America. If you’ve watched any of the recent clips, you know he’s negative on stocks, the economy and the political system. (If you haven’t seen them, check the links below.)Much of Davidowitz’s frustrations stem from the bailout of our financial system. “If a bank is bad, you let it [...]
Filed under: Credit Crunch, Debt Management, Deflation, Depression, Dooms Day, Economy, Elizabeth Warren, FDIC, Foreclosure, Housing, Howard Davidowitz, MoneyBob Postings, economics | Tagged: Recession, Economy, economics, Banks, Depression, Obama, Howard Davidowitz, Bailouts, bad banks, citibank, citi | Leave a Comment »
Posted on February 15, 2010 by MoneyBob
What does the FDIC do? The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for up to $250,000 (through December 31, 2013). What are the basic FDIC coverage limits? Single Accounts (owned by one person): $250,000 per owner Joint Accounts [...]
Filed under: Credit Crunch, Economy, Elizabeth Warren, FDIC, Interest Rates, Treasury Department, economics | Tagged: Banking, Banks, checking, FDIC, fdic insurance, FDIC Insured, fdic limits, Savings | Leave a Comment »
Posted on November 25, 2009 by MoneyBob
Not happy with your bank? The feeling is likely mutual.Don’t be surprised if your bank soon decides they don’t want your business anymore, says Rochdale Securities bank analyst Dick Bove.Why?Bank regulators and Congress are looking at ways at making the system more safe and sound in order to avoid another meltdown. What on the surface [...]
Filed under: Banking, Economy, MoneyBob Postings, economics | Tagged: Banks, Savings, Banking, Dick Bove, checking, bank accounts, debit cards, late fees, overdrafts, bounced checks | Leave a Comment »
Posted on October 8, 2009 by MoneyBob
Goldman Sachs making headlines again. Today, it’s on two accounts.First, Bloomberg is reporting Goldman could earn about $1 billion should the troubled lender CIT Group, enter bankruptcy or otherwise end a $3 billion financing agreement. I’m sure it’s adding fuel to the fire for the “Government Sachs” conspiracy theorists, who probably see it as a [...]
Filed under: Banking, Credit Crunch, Deflation, Depression, Economy, FDIC, MoneyBob Postings, The Fed, Treasury Department, economics | Tagged: Banking, Banks, Economy, fed, Fraud, Goldman Sachs, Regulators | Leave a Comment »
Posted on October 20, 2008 by MoneyBob
FDIC Go to the FDIC website and use EDIE the Estimator to calculate your FDIC insurance coverage for each FDIC-insured bank where you have deposit accounts. EDIE lets you know in a printable report for each bank whether your deposits are within or exceed coverage limits. BEFORE YOU BEGIN, HAVE A LIST OF: All the [...]
Filed under: Banking, Credit Crunch, Economy, FDIC, Insurance, Interest Rates, Investing, Saving, economics | Tagged: Assets, Bank Deposits, Banks, business, Checking Account, FDIC, FDIC Insured, Life, Money, Savings, Savings Account, Work | 1 Comment »
Posted on August 26, 2007 by MoneyBob
The New Bankruptcy Law is protecting Banks and Lenders more than the Consumers. CONGRESS REVISED THE nation’s bankruptcy laws under 2005′s Bankruptcy Abuse Prevention and Consumer Protection Act, effectively making it harder for individuals to claim insolvency. The reform was seen by critics as protecting banks and lenders more than the consumers the legislation’s title [...]
Filed under: Bankruptcy, Debt Management, Foreclosure, MoneyBob Postings, Mortgages, Real Estate | Tagged: Bankruptcy, bankruptcy law, Banks, Foreclosure | 7 Comments »
