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    Mercivelli

    With All Of These Financial Bail Outs. Are Banks Safe Now? And Why?

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    Bifmeister

    There is always a chance a bank will fail . The risk will always be there but it is less likely now

    answered 2 months ago   

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      septic

      Yeah, AIG just spent $440,000 dollars last weekend( as soon as the check cleared from the bail out) to give their execs a peaceful retreat at a resort. No golden parachutes here. The banks will fail just take a little longer now that us taxpayers just fattened their wallets. Be late with your mortgage now and see what happens.

      answered 2 months ago   

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      True

      comment made by Mercivelli 2 months ago    Report

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      Action1212

      Chances are, you're fine. If you have more than $100k in a regular checking or savings account, there is the slight possibility that you could lose... But the way that the government is arranging for these banks to get taken over, regardless of the amount of money you have in the bank, you're likely to be fine...

      answered 2 months ago   

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