Wamu Failed, time to panic? I don’t think so…
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Time to Panic? Yes, in generally its not a good sign for any economy but if you are a Wamu customer, you are/will be just fine.
Lehman Brothers Holdings Inc. declared bankruptcy last week. And Bank of America Corp. announced it was buying Merrill Lynch. and now as we all suspected (okay lets say wall [...]
FDIC Insurance: Is your bank FDIC insured? Make Sure Your Money Is Covered - 5 must-know questions about FDIC insurance limits
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Update (October 3, 2008): FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. More here
I have cash in my savings and money market account in [insert your bank name.] How secure is the bank?
Recent failure of IndyMac bank, Lehman Brothers, Bear Stearns and poor health of financial system, more [...]