A friend of a friend recently experienced a bank failure and he had $200k in his account. As I understand it he got the full $100k and .50 cents on the dollar for the remaining balance. I'm not sure if that's standard, or varies from one restructuring/failure to the next.
<font size="2" face="Verdana, Helvetica, sans-serif">I don't know; I forgot to look it up. I wonder if the 50 cents was what remained of the banks liquidated assets.Originally posted by Beachcomber:
A friend of a friend recently experienced a bank failure and he had $200k in his account. As I understand it he got the full $100k and .50 cents on the dollar for the remaining balance. I'm not sure if that's standard, or varies from one restructuring/failure to the next.
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You're our resident financial expert. I look to you for answers (after I look past your far-left veneer and spin). C'mon, get with it...
<font size="2" face="Verdana, Helvetica, sans-serif">That doesn't mean The Big Sexy knows the rules of the FDIC off the top of his head. And The Big Sexy has already dismissed the "expert" moniker. The Big Sexys know it may *seem* like it, but really he's much too modest to be called that. Guess it boils down that The Big Sexy is just much smarter than you and big things are expected of Him.Originally posted by Beachcomber:
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You're our resident financial expert. I look to you for answers (after I look past your far-left veneer and spin). C'mon, get with it...
<font size="2" face="Verdana, Helvetica, sans-serif">In your dreams. It varies by subject matter.Guess it boils down that The Big Sexy is just much smarter than you
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