Comments on: Does the FDIC Have 99 Years to Pay Insured Deposits? http://www.americanbankingnews.com/2009/09/07/does-the-fdic-have-99-years-to-pay-insured-deposits/ News and Information about Banks, Credit Unions and Financial Institutions Sun, 14 Mar 2010 20:20:20 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: nupame http://www.americanbankingnews.com/2009/09/07/does-the-fdic-have-99-years-to-pay-insured-deposits/comment-page-1/#comment-382 nupame Tue, 08 Sep 2009 06:38:53 +0000 http://www.americanbankingnews.com/?p=606#comment-382 Depositors at failed banks need to be aware there are specific time limits within which an insured deposit or safe deposit box must be claimed, after which the funds or property are forfeited. <br> <br>Further, due to the large number of mergers and acquisitions in the banking industry over the years, it is possible you - either as owner or heir of a deceased family member - might well be entitled to an account or safe deposit box at a bank that has failed, and not even know it. <br> <br>More than 1,400 banks and 700 savings institutions closed in the aftermath of the Savings and Loan crisis of the 1980s. The current credit crunch has put nearly 100 banks into FDIC receivership in just the last two years, including the largest ever - Washington Mutual (WaMu) - with many more certain to follow.<br> <br>An explanation of the rules for claiming insured deposits at banks that have closed, and a list of failed banks and those that they have acquired over the years is available at: <a href="http://www.failedbankreporter.com" rel="nofollow">www.failedbankreporter.com</a> Depositors at failed banks need to be aware there are specific time limits within which an insured deposit or safe deposit box must be claimed, after which the funds or property are forfeited.

Further, due to the large number of mergers and acquisitions in the banking industry over the years, it is possible you – either as owner or heir of a deceased family member – might well be entitled to an account or safe deposit box at a bank that has failed, and not even know it.

More than 1,400 banks and 700 savings institutions closed in the aftermath of the Savings and Loan crisis of the 1980s. The current credit crunch has put nearly 100 banks into FDIC receivership in just the last two years, including the largest ever – Washington Mutual (WaMu) – with many more certain to follow.

An explanation of the rules for claiming insured deposits at banks that have closed, and a list of failed banks and those that they have acquired over the years is available at: http://www.failedbankreporter.com

]]> By: Lori http://www.americanbankingnews.com/2009/09/07/does-the-fdic-have-99-years-to-pay-insured-deposits/comment-page-1/#comment-379 Lori Tue, 08 Sep 2009 05:56:35 +0000 http://www.americanbankingnews.com/?p=606#comment-379 Here is more accurate information and a couple must reads<br><br><br><a href="http://www.chrismartenson.com/martensonreport/how-safe-my-fdic-insured-bank-account" rel="nofollow">http://www.chrismartenson.com/martensonreport/h...</a><br><a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=atIgNJeY9A6g" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20601087...</a><br><a href="http://www.chrismartenson.com/blog/fdic-broke-now-what/25274" rel="nofollow">http://www.chrismartenson.com/blog/fdic-broke-n...</a><br><a href="http://www.econlib.org/library/Columns/y2009/Hummeltbills.html" rel="nofollow">http://www.econlib.org/library/Columns/y2009/Hu...</a> Here is more accurate information and a couple must reads

http://www.chrismartenson.com/martensonreport/h...
http://www.bloomberg.com/apps/news?pid=20601087...
http://www.chrismartenson.com/blog/fdic-broke-n...
http://www.econlib.org/library/Columns/y2009/Hu...

]]> By: Twitted by Americannodash http://www.americanbankingnews.com/2009/09/07/does-the-fdic-have-99-years-to-pay-insured-deposits/comment-page-1/#comment-376 Twitted by Americannodash Tue, 08 Sep 2009 05:17:25 +0000 http://www.americanbankingnews.com/?p=606#comment-376 [...] This post was Twitted by Americannodash [...] [...] This post was Twitted by Americannodash [...]

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