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re: Is Capital One in trouble?
Posted on 3/22/23 at 9:27 pm to Im4datigers
Posted on 3/22/23 at 9:27 pm to Im4datigers
quote:
Candidly, when they come in, there is an examiner in charge and then a bunch of young pups usually. We end up training them half the time
So no different than a financial statement audit.
How big a bank are y’all?
0
Posted on 3/22/23 at 9:39 pm to Brobocop
quote:
Do you have more than $250k in a single account?
If not, then you have nothing to worry about.
I imagine if a bank like Capital One went under, the FDIC would be in trouble covering all the deposits under $250k
Posted on 3/22/23 at 9:42 pm to SlowFlowPro
Hence the implicit talk we have been hearing about.
Posted on 3/22/23 at 10:28 pm to SlowFlowPro
quote:
I imagine if a bank like Capital One went under, the FDIC would be in trouble covering all the deposits under $250k
What people fail to realize is the actual amount at “risk”. It’s not like a bank takes your money, loses it all, and then fails. Hell, WaMu was the largest bank failure ever and I don’t believe a penny of the FDIC was needed to cover any deposits.
Posted on 3/22/23 at 11:19 pm to slackster
quote:It’s almost word for word the same nonsense Balaji Srinivasan has been spewing on Twitter.
You pretty much hit all the buzzwords. Nice.
Posted on 3/23/23 at 5:30 am to buckeye_vol
quote:
How big a bank are y’all?
Been at every bank I’ve worked at from $500m to $5b in size.
Posted on 3/23/23 at 5:45 am to Im4datigers
quote:
I imagine if a bank like Capital One went under, the FDIC would be in trouble covering all the deposits under $250k
The government can always print money. Additionally, the government isn’t giving out actual dollar bills to all these individuals at failed banks. They’re just moving on paper balances to another institution.
Posted on 3/23/23 at 6:14 am to Brobocop
quote:
Do you have more than $250k in a single account?
If it's a joint account with natural persons (like husband and wife) with equal authority over the account and names on the sig card, each coowner is covered. A couple with a joint account could have $500K coverage.
FDIC guide re joint accounts
Posted on 3/23/23 at 6:57 am to slackster
quote:
What people fail to realize is the actual amount at “risk”. It’s not like a bank takes your money, loses it all, and then fails. Hell, WaMu was the largest bank failure ever and I don’t believe a penny of the FDIC was needed to cover any deposits.
Over the long term, yes, but the FDIC will kick in a lot quicker to ensure those accounts are liquid, right?
Posted on 3/23/23 at 3:13 pm to Brobocop
Maybe FDIC insurance up to $250K was the most damaging regulation of all.
It's because of this that people don't care what banks do with their money. If they did, there would be bank ratings on safe/risky banks. Maybe even full reserve banks with ultimate safety.
It's because of this that people don't care what banks do with their money. If they did, there would be bank ratings on safe/risky banks. Maybe even full reserve banks with ultimate safety.
Posted on 3/23/23 at 4:04 pm to BottomlandBrew
quote:
The more people talk about banks failing, the more it becomes a self-fulfilling prophecy.
And if we didn’t have this Bullshite fiat monetary system, we wouldn’t have to worry about this.
Posted on 3/23/23 at 6:07 pm to Warfox
I don't know the correct answer, but I do know that a gold standard with the amount of imports that our country does would be extremely problematic.
Posted on 3/23/23 at 8:51 pm to AllDayEveryDay
quote:
Sure hope not. Half this board has cash in their high yield savings.
I'm more worried about the OT. Even if they split up their money over thousands of banks they'll still be over the FDIC limit.
Posted on 3/24/23 at 12:23 am to umrebel2009
You can actually figure this out yourself, go pull up their 10k and run the numbers. Figure out how liquid they actually are if they had to sell some investments today (so less than what they have listed) and if they could come up with funds if a bank run happened to them.
The info is out there.
The info is out there.
Posted on 3/24/23 at 9:22 am to Old Money
Yea I have no clue what a 10k is... you could have the data on a chart in front of me and I would have no clue what I was looking at
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