Personal Finance Blog By MoneyRates - FDIC
FDIC Pays to Milk Cows in Colorado
October 8, 2009
You knew FDIC regulators were talented, but did you know they can milk cows? Or, rather, they can pay for cows to be milked? NPR reported today that due to the failure of New Frontier Bank in Greeley, Colorado, farmers who had loans with the bank were in danger of losing their crops and their cattle. Therefore, [...]
FDIC Bad News Means What to Savings Investors
August 27, 2009
News reports that the FDIC has endured a 20 percent drop in its insurance fund may cause concern among savings investors. Some analysts are predicting that the FDIC will be in the red by the end of the year. What does that mean for savings investors? Not a Whole Lot, In Terms of Individual Accounts The first part [...]
What If The Banks Are Nationalized?
February 23, 2009
During the past week a new discussion has begun to emerge in Washington, the matter of nationalizing banks. This is a big deal, symbolically and in other ways. If you have a CD, money market account, savings, or IRA you need to keep an eye on this conversation. As this is written many bank stocks have taken [...]
