Comments on: Long Line at Citibank http://probargainhunter.com/2008/07/17/long-line-at-citibank/ News, Tips and Resources for Online Bargain Hunters Fri, 26 Aug 2011 02:23:11 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: CHARLIE http://probargainhunter.com/2008/07/17/long-line-at-citibank/comment-page-1/#comment-30551 CHARLIE Sun, 20 Jul 2008 09:25:49 +0000 http://probargainhunter.com/2008/07/17/long-line-at-citibank/#comment-30551 can someone please tell me if citibank going under is a joke ?? or real ? can someone please tell me if citibank going under is a joke ?? or real ?

]]> By: Alex http://probargainhunter.com/2008/07/17/long-line-at-citibank/comment-page-1/#comment-30546 Alex Fri, 18 Jul 2008 21:41:51 +0000 http://probargainhunter.com/2008/07/17/long-line-at-citibank/#comment-30546 I am not concerned at all... I know my savings are insured. The fact that media is screaming about a drop in stock prices doesn't mean anything. I strongly believe that the current situation is over-hyped (is that a word?)and influenced by upcoming elections. Economy is not doing as good as it should be but overall we are doing fine. I am not concerned at all… I know my savings are insured. The fact that media is screaming about a drop in stock prices doesn’t mean anything. I strongly believe that the current situation is over-hyped (is that a word?)and influenced by upcoming elections. Economy is not doing as good as it should be but overall we are doing fine.

]]> By: Navin http://probargainhunter.com/2008/07/17/long-line-at-citibank/comment-page-1/#comment-30545 Navin Fri, 18 Jul 2008 18:27:11 +0000 http://probargainhunter.com/2008/07/17/long-line-at-citibank/#comment-30545 I have a few CD's with Indymac Bank. Definitely below $100 K.. (got lured with their good interest rates) I decided to leave it there until they revise the interest rates. I will probably decide what to do after reviewing the rates. I would think a federally insured CD with a federal acquired bank is probably a safe bet .. but that's just me. Pls correct my assumptions if i'm wrong.. The worst case scenario is probably when FDIC doesn't have enough funds - can happen when more banks go under. Don't know what happens after that. I would assume they would probably print more money (increasing inflation) than throw in the towel. If they do throw in the towel, it is probably going to shake everything.. there is going to be so much panic that more banks will collapse as people start withdrawing all their money from banks. I have a few CD’s with Indymac Bank. Definitely below $100 K.. (got lured with their good interest rates) I decided to leave it there until they revise the interest rates. I will probably decide what to do after reviewing the rates. I would think a federally insured CD with a federal acquired bank is probably a safe bet .. but that’s just me. Pls correct my assumptions if i’m wrong..

The worst case scenario is probably when FDIC doesn’t have enough funds – can happen when more banks go under. Don’t know what happens after that. I would assume they would probably print more money (increasing inflation) than throw in the towel. If they do throw in the towel, it is probably going to shake everything.. there is going to be so much panic that more banks will collapse as people start withdrawing all their money from banks.

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