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First NBC Bank looks like it will fail per WSJ

Posted on 10/17/16 at 8:10 am
Posted by ihometiger
Member since Dec 2013
12475 posts
Posted on 10/17/16 at 8:10 am
If you have money over 500k there today is the time to get it out of there ASAP

WSJ breaking article
Posted by DollaChoppa
I Simp for ACC
Member since May 2008
84774 posts
Posted on 10/17/16 at 8:13 am to
Can I get your login username and pass?
Posted by The Mick
Member since Oct 2010
43360 posts
Posted on 10/17/16 at 8:13 am to
Whats your log in and password so we can read the article?
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18968 posts
Posted on 10/17/16 at 8:16 am to
What we need is a board where people Talk about Money for this thread.

Plus, this is the OT and 500k isn't enough to bother with transferring.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167875 posts
Posted on 10/17/16 at 8:16 am to
quote:

If you have money over 500k there today is the time to get it out of there ASAP


You can't do that. The Feds will stop a "run on the bank" from happening.
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 10/17/16 at 8:26 am to
Login required?

Posted by eScott
Member since Oct 2008
11376 posts
Posted on 10/17/16 at 8:36 am to
quote:

WJS breaking article

Posted by slackster
Houston
Member since Mar 2009
85487 posts
Posted on 10/17/16 at 9:12 am to
quote:

If you have money over 500k there today is the time to get it out of there ASAP



First of all, depending on how your accounts are set up you could only be insured up to $250k. You could also be insured for much more.

Second of all, the depositors over their insurance limits are rarely - if ever - exposed to any losses as the FDIC is much more effective at facilitating a sale than they are at reimbursing all depositors.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 10/17/16 at 9:18 am to
Fresh got a Bourbon, pearl white with TVs
My clique ain't hurtin, haul to the bank First N.B.C.
Posted by Dizz
Member since May 2008
14856 posts
Posted on 10/17/16 at 9:19 am to
Did I miss the part where the article said likely to fail?
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