Friday, September 26, 2008
disconcerting
It is a little disconcerting to be watching Grey's Anatomy and happen to not fast forward through a news clip only to find out that your bank has been seized by the feds. Hmmmm.... I think I am changing banks tomorrow. The only thing is that my paycheck is being deposited automatically tomorrow. I guess I need to take care of that paperwork for my next paycheck. Life is wierd. We never thought banks could fail as we have fail safes in place. They don't seem as fail safe as they should. Or maybe it is that the depositors money is still safe (I certainly hope) even though the bank is changing hands. I am not sure how it works, but they just opened a Wells Fargo across the street from my home, so here I come.
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2 comments:
If your bank was FDIC insured, then you're money is safe (up to the first $100,000). If you have more than $100,000, we need to talk.
I am also a WAMU turned JP Morgan Chase customer also and we have nothing to worry about...everything will proceed as normal under a different name.
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