Word: banking
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...bank that holds your mortgage goes belly up, your loan, along with all the others it made, will be assets in a bankruptcy proceeding. What's most likely to happen is that some other bank will come along and buy the loan, and then you'll have mail your mortgage payments to a new address...
...Should I take all my money out of the bank and put it under my mattress...
There's probably no need for that. Let's not forget that the FDIC ensures bank deposits up to $100,000. (And up to $250,000 for IRAs and certain other retirement accounts held at FDIC-insured banks.) If you have more than $100,000 in deposits at a single bank, well, congratulations. But you probably want to spread it around. Sometimes people wind up over the FDIC limit simply because banks merge. Bank of America, to take a prime example, started its acquisition binge long before Countrywide and Merrill Lynch. Inertia prevents plenty of people from opening...
...line from by the Treasury Department that bailing out Fannie Mae and Freddie Mac was not a precedent, and that the Federal Government would not be lender of last resort to Wall Street? The public did, but Wall Street didn't. If the bank was open for Bear and Freddie and Fannie, why not Lehman and AIG? It took a high noon showdown over the weekend for Treasury Secretary Hank Paulson - one of Wall Street's own - to convince the Street's gunslingers that he wasn't kidding about the moral hazard issue...
...next offering that Wall Street will be retailing this week? "It's a buying opportunity!" "It's a short term blip!" A new report by Bernstein Global Wealth management notes that booms and busts often result in "unduly pronounced security mispricing," meaning, we tend to overdo things. Take banks, which were crushed in 1990 by real estate losses. (Sound familiar?) Ultimately, the game reset and bank stocks zoomed 199% through 1996, outpacing...