Shit, now that WaMu failed.....

How is HSBC holding up too?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Considering JPM just bought WaMu's crap, I highly doubt they are next, or anywhere near it. Though if this stalemate continues...

Relax psycho, the market conditions are being accelerated by a complete lack of confidence based on comments like yours. Your $918.17 is safe in ING.

I don't have any money in ING. Right now I'm thinking about moving my money to like, New Zealand or something. It's not my fault US banks pumped toxic debt into the market. It's not my fault US banks lent money to people without verifying their incomes or checking their credit scores and gave people $900k mortgages without so much as an ID check. And if you lend $20k to a homeless person, should you really expect that back? :rolleyes:

My job isn't to protect the banks that will screw me every chance they get, my job is to protect my fucking money. Honestly if you're trying to get me to keep money in shaky banks because people who smartly pull money out of them are accelerating bank failures, you're barking up the wrong tree. I frankly couldn't give a flying fuck how many banks go belly up. My purpose in asking this question is to come out of this mess with all of my deposits protected. Considering how much money banks like Citi hold, FDIC isn't going to mean shit if they fail.

And just for the record, I do NOT support the bank bailouts.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Settle down Beavis

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Either you sling crack rock or you got a wicked jump shot

holymonkey you are an absolute idiot talking out of your ass

get off this forum and go join a prelaw forum where you can find people of similar stupidity

"There is only one bottom line -- how much money you make."

"I frankly couldn't give a flying f\ck how many banks go belly up."

oh, but you really should.

and new zealand is lovely for a visit, but the economy there aint much.

Why should I? So they can exist another day to try to screw me out of my deposits? Banks fail, life goes on, new banks show up to replace them.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

holymonkey: relax...
the people with stars you are talking to know a lot more about this than you do, and they are explaining it as nicely as possible. I would be grateful that you are learning here rather than spouting this shit off in an interview and making a complete ass out of yourself.

Despite being in my 2nd year as an analyst, my lack of finance background and work in M&A keeps me pretty ignorant to some portions of this financial crisis. That said, can anyone explain the exposure that Fidelity Investments has? Having socked away most of my savings in Fidelity's money market funds (a good deal more than the above poster's $918.17), I would love a better understanding of potential risks, if any, that I am currently taking. Thanks all.

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CompBanker

Learn what? One person calls me a psycho and another person calls me an idiot for asking a perfectly legitimate question.

Just because some megabank is reckless with their money (it's not even THEIR money, but that's another point) and failed doesn't mean I have to go down with the ship. :rolleyes:

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-