Separate names with a comma.
Discussion in 'Off Topic [BG]' started by Captain Chaos, Sep 26, 2008.
So what does that mean for you?
I'm thinking about buying a whole crapload of gold... since our currency is meaningless paper that gets devalued every day.
I'll have to talk this with my dad as we both have money in there. We have been reading about this for 2 weeks and we don't want to lose any money.
You won't if its in an account.
*DING* Right answer!
Where does that money come from? "The Man"?
My bank too. I have had an account with them since 1980. So sad to see them go. As soon as the bad news started hitting the news in recent weeks, paranoid account holders were withdrawing their money like crazy everyday. One of my co-workers took her $800 or so out and chastised me for leaving my money in my account. I think this mass hysteria up here contributed to the downfall...at least it expedited it.
I'm not a fan of JP Morgan, so once I find a small local credit union or bank, I'll move my accounts over to it. But yes, I am deeply saddened today.
its crazy (and scary) to think that the one thing our entire life is based around has absolutely no value and is completely meaningless.
it's kind of weird. the only reason it had value to begin with is because we as a nation decided to agree it had a specific value. and by extension, i guess it means all the trouble we're in is because we all agreed that it's worth less now
What protects depositors in these cases ?
Is this the right time to post a FAIL pic?
Yeah, I'm not so happy about my bank doing the buyout on this one either...
But fer'real if you've just got your money in deposit (savings/checking) you should be all set up to 100,000.00. If you have more than that, it's a potential for some badness. The FDIC insures up to that amount. If you've got some investments happening, it could be rough.
It's only good for 100 grand...
I don't think anything significant changes for you. Later, they will change the sign in front of the bank to "Chase". You may need to get new checks later.
I bank with Chase now as well, but not by choice. I have had the same account for 25 years, and it's changed bank names 5 times!
THE SKY IS FALLING!
It feels that way up here, and it isn't even raining today.
The Federal Deposit Insurance Corporation, aka, the FDIC.
Also, JP Morgan was allowed to acquire WaMu for $1.9B so the bank will reopen as a different company today. All deposits are available.
My Wife and daughter has accounts with them. You wont loose money unless you exceed the FDIC insurred amount. If you have that much in the bank, it should have been in OTHER investments
Nah, any depositors, even above 100 grand, won't lose a cent. As WillPlay said, JP Morgan's taken over and all deposits are available.