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Dr. Bob is Robert Hsiung, MD,
bob@dr-bob.orgShown: posts 1 to 11 of 11. This is the beginning of the thread.
Posted by Phillipa on July 19, 2008, at 20:34:21
Okay I know this is weird but someone e-mailed me that the Depression is here again and banks are closing and people trying to get their money out. I think he's confused any insight. As nothing like that going on here. Thanks Phillipa
Posted by sassyfrancesca on July 19, 2008, at 20:34:21
In reply to Wierd Question. Someone wrote me banks are closing, posted by Phillipa on July 18, 2008, at 12:38:58
What I heard was that a bank called "Indie" bank; which is one of the largest mortgage banks in the Country is closing. This can't be good.
Sassy
Posted by Phillipa on July 19, 2008, at 20:34:21
In reply to Re: Wierd Question. Someone wrote me banks are clo, posted by sassyfrancesca on July 18, 2008, at 12:46:09
So you feel the economy is that bad? So what do people do with out funds savings? I have that link that was sent to me maybe I should post it. Phillipa. I thought he was misinformed.
Posted by Dinah on July 19, 2008, at 20:34:21
In reply to Wierd Question. Someone wrote me banks are closing, posted by Phillipa on July 18, 2008, at 12:38:58
Your deposits are insured, if you have your money at a bank covered by the FDIC. Which is most of them.
Posted by Dinah on July 19, 2008, at 20:34:21
In reply to Re: Wierd Question. Someone wrote me banks are clo » sassyfrancesca, posted by Phillipa on July 18, 2008, at 12:56:58
http://www.inman.com/news/2008/07/11/feds-close-down-indymac-bank
"The FDIC said it will transfer insured deposits and "substantially all the assets" of IndyMac Bank, to a newly created successor, IndyMac Federal Bank, which will be operated by the FDIC.
Insured depositors and borrowers will automatically become customers of IndyMac Federal, FSB and will continue to have uninterrupted customer service and access to their funds by ATM, debit cards and writing checks. Depositors of IndyMac Federal Bank FSB will have no access to online and phone banking services this weekend, but will regain access to them on Monday."
Posted by Phillipa on July 19, 2008, at 20:34:21
In reply to Re: Wierd Question. Someone wrote me banks are clo » Phillipa, posted by Dinah on July 18, 2008, at 12:58:02
Exactly what I tried to tell him . Including the link he sent. Love Phillipa
Posted by Lemonaide on July 19, 2008, at 20:34:22
In reply to Re: Wierd Question. Someone wrote me banks are clo » Dinah, posted by Phillipa on July 18, 2008, at 13:02:02
Aren't these those refinancing banks that refinance your mortgage and let you borrow 125% of the equity? It is no wonder to me, I think Country Wide was one of them.
They offered people with bad credit to borrow against their equality. Then made a killing on fee's but when people started to go bankrupt, the banks lost huge because they couldn't sell the properties for what money the had invested in including court costs. It is no surprise to me.
Posted by daveuk08 on July 19, 2008, at 20:34:22
In reply to Re: Wierd Question. Someone wrote me banks are clo, posted by Lemonaide on July 18, 2008, at 13:49:50
Will the last person to leave remember to turn the lights of, save energy save the world.
Dave
Posted by Sigismund on July 19, 2008, at 20:34:22
In reply to Re: Wierd Question. Someone wrote me banks are clo, posted by daveuk08 on July 18, 2008, at 17:13:31
It's kinda refreshing to see the real world make an appearance after the last decade.
It will have nothing kind to say to us, but after Tony's "I only know what I believe to be right", I'd feel kindly about a comet.
Posted by Jay_Bravest_Face on July 19, 2008, at 20:34:22
In reply to Re: Wierd Question. Someone wrote me banks are clo, posted by Sigismund on July 18, 2008, at 19:56:28
> It's kinda refreshing to see the real world make an appearance after the last decade.
>
> It will have nothing kind to say to us, but after Tony's "I only know what I believe to be right", I'd feel kindly about a comet.Well, banks, they have made out like the lottery winner over and over and over in the past 15-20 years. It starts with de-regulation, then the banks get to tell US what WE have to pay when we want to withdraw OUR money. Investors, stockbrokers, money-managers, just one MASSIVE plethora of sick capitalist greed and decadence.
Don't get me wrong. Controlled, regulated capitalism with a 'human face' works very well, but this is far-right wing neo-con kill-or-be-killed capitalism. Sick.Jay
Posted by Phillipa on July 19, 2008, at 21:06:47
In reply to Re: Wierd Question. Someone wrote me banks are clo » Sigismund, posted by Jay_Bravest_Face on July 19, 2008, at 20:34:22
Hi Jay now from some e-mails I've sent California seems to be the worst and the mortgage banks leant money to people who couldn't afford what they bought and the banks were uninsured. An old poster here had a morgage company there and it's now closed down. Love Phillipa he doing good though. No depession. May get into radio announcing as he's experienced in that.
This is the end of the thread.
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