Comments on: Why you should be worried about deposits even if they’re FDIC insured

By: Sue

Sue — Mon, 21 Jul 2008 00:50:22 +0000

I'm concerned that many more banks will go under and there will not be sufficient funds to cover losses. Here in Des Moines, IA. we've had a small bank offer good rates on CD's with bank officers stating that you are insured even over the $100K, if you include an IRA .

By: Don

Don — Sun, 20 Jul 2008 19:32:45 +0000

Got it, thanks Anthony…..

By: Anthony Citrano

Anthony Citrano — Fri, 18 Jul 2008 01:40:01 +0000

O'course by not getting it I meant they may not get their money. But I hear ya, Don.

By: Don

Don — Thu, 17 Jul 2008 19:20:05 +0000

Anthony, I get it more than you know. Most of my friends are out of work.

I “got it” when these loans were coming across my desk 6 years ago thank you.

By: morganb

morganb — Thu, 17 Jul 2008 17:00:12 +0000

jb – exactly. collecting has never been a problem. administering
seems to be another matter all together.

By: jbflory

jbflory — Thu, 17 Jul 2008 16:56:10 +0000

Well put well said, Eric! I stand corrected. The government is very efficient at taking your money away from you.

By: morganb

morganb — Thu, 17 Jul 2008 16:28:08 +0000

ticket ninjas – i love it. so true too!

By: Eric Ogunbase

Eric Ogunbase — Thu, 17 Jul 2008 16:25:39 +0000

The government runs the IRS and the Divisions of Parking Enforcement VERY efficiently. Of course those are money collecting arms. But think about it…those meter maids are like ticket ninjas. You don't see them, but you know they were there.

By: jbflory

jbflory — Thu, 17 Jul 2008 13:43:33 +0000

I think we have to accept a couple of very simple facts:

1. Government cannot run anything efficiently - period. I defy you to show me one instance where it's happened.
2. There's no value in expressing surprise or shock when they don't and in fact it's counterproductive to any sort of progress.

Peter appears only to be stirring the hornet's nest on this one and instead of decrying the deplorable 'customer service' of the federal government (an oxymoron if I ever heard one), he should be encouraging those who don't NEED their money to relax and let the system work. Fomenting unrest amongst an already skittish depositor base is irresponsible at best.

By: Aaron Fischer

Aaron Fischer — Thu, 17 Jul 2008 11:53:47 +0000

Its just like the DMV, when has the government ever dealt with any thing efficiently. Especial in the last 8ish years?