FDIC extends insurance coverage

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date FDIC extends insurance coverage AndyS 06-06-2009  Re: FDIC extends insurance coverage Wallace 06-07-2009  Re: FDIC extends insurance coverage Yadda 06-08-2009  Re: FDIC extends insurance coverage Wallace 06-09-2009  Re: FDIC extends insurance coverage AndyS 06-09-2009  Re: FDIC extends insurance coverage Augustine 06-09-2009  Re: FDIC extends insurance coverage Wallace 06-09-2009  Re: FDIC extends insurance coverage Evandro Menezes 06-17-2009
Posted by AndyS on June 6, 2009, 6:51 am Andy comments: I just found out that the FDIC has increased their expiration date for the "250K per account" to Dec 31, 2013. Previously it was 31 Dec 2009. You can read about it at www.fdic.gov A couple other changes have been made in the area of revocable trusts, also known as p.o.d. accounts...... Just wanted to pass this along. The information is on the fdic website.... Andy in Eureka, Texas Posted by Wallace on June 7, 2009, 6:37 am > Andy comments: > > I just found out that the FDIC has increased their expiration date > for the > "250K per account" to Dec 31, 2013. Previously it was 31 Dec 2009. > > You can read about it at www.fdic.gov > > A couple other changes have been made in the area of revocable > trusts, > also known as p.o.d. accounts...... > > Just wanted to pass this along. The information is on the > fdic website.... their website is a bit of a mess. Here is the direct link: http://www.fdic.gov/deposit/deposits/changes.html p.o.d. account changes were done last year, but were welcome. Posted by Yadda on June 8, 2009, 5:21 am on 6/7/09 5:37 AM Wallace said the following: >> Andy comments: >> >> I just found out that the FDIC has increased their expiration date >> for the >> "250K per account" to Dec 31, 2013. Previously it was 31 Dec 2009. >> >> You can read about it at www.fdic.gov >> >> A couple other changes have been made in the area of revocable >> trusts, >> also known as p.o.d. accounts...... >> >> Just wanted to pass this along. The information is on the >> fdic website.... > > their website is a bit of a mess. Here is the direct link: > > http://www.fdic.gov/deposit/deposits/changes.html > > > p.o.d. account changes were done last year, but were welcome. > This isn't for depositors. It is to protect banks. When will the asset values be written off? In 20 years? Putting it off to another day is bad. Why not incremental write-offs? The B.S. continues. Posted by Wallace on June 9, 2009, 10:10 am > on 6/7/09 5:37 AM Wallace said the following: >>> Andy comments: >>> >>> I just found out that the FDIC has increased their expiration date >>> for the >>> "250K per account" to Dec 31, 2013. Previously it was 31 Dec 2009. >>> >>> You can read about it at www.fdic.gov >>> >>> A couple other changes have been made in the area of revocable >>> trusts, >>> also known as p.o.d. accounts...... >>> >>> Just wanted to pass this along. The information is on the >>> fdic website.... >> >> their website is a bit of a mess. Here is the direct link: >> >> http://www.fdic.gov/deposit/deposits/changes.html >> >> >> p.o.d. account changes were done last year, but were welcome. >> > > This isn't for depositors. It is to protect banks. When will the asset > values be written off? In 20 years? Putting it off to another day is > bad. Why not incremental write-offs? The B.S. continues. you may be correct, but as a depositor I have been waiting for this, and find it most welcome. I wish they didn't put a sunset on it, though. Posted by AndyS on June 9, 2009, 11:20 am Wallace wrote: > > you may be correct, but as a depositor I have been waiting for this, and > find it most welcome. I wish they didn't put a sunset on it, though. Andy comments: I predict that as the 2013 date approaches, it will be extended again at the very least..... Otherwise, depositors will start pulling their funds out and splitting the funds between banks, as they are doing now with the October ruling which ended coverage.in 2009..... Banks want long term deposits --- Depositers want total insurance for their deposits. Personally, I don't really care that the banks get some benefit out of it as long as the money I deposit is safe. I think most of us "little people" feel the same. Andy in Eureka, Texas ======================================= MODERATOR'S COMMENT: Thank you for timming the previous post. Similar Threads Posted Term Life Insurance Coverage January 27, 2008, 12:21 pm FDIC insurance (yet again) October 13, 2008, 5:51 pm FDIC Insurance Question Re IRA October 1, 2008, 4:23 am Bank solvency and FDIC insurance August 13, 2007, 4:56 pm Partitioning $260K In A Bank Account To Get Under The $100K FDIC Insurance Limit July 16, 2008, 5:02 am JP Morgan Clearing (formerly Bears Stearn) dropped from CAPCO excess SIPC coverage. February 8, 2009, 7:21 pm FDIC March 5, 2008, 11:05 am FDIC for over $100,000 ?? March 28, 2008, 3:13 pm fdic?=OP-Thanks for responses March 13, 2007, 7:09 pm FDIC limit December 29, 2008, 12:13 pm