Look like Emmigrant Bank is going down!

wtf are you talking about. ING is definitely FDIC insured. Do you honestly think a bank as big as ING would go around doing business without being insured?

http://helpcenter.ingdirect.com/ingd/Topic.aspx?category=C2BNKFDICI

 

It would certainly be a different risk/reward equation. Dealing with a bank that's not insured might be a better idea these days, actually, because that bank would have likely scrutinized their risks more thoroughly.

 

That's an interesting point...but on the other hand, I'd also have suspicions about a bank that wouldn't be willing to shell out the dollars to get the insurance as well. That just screams red flags to me personally.

 

Coming Soon: Banking Crisis



http://seekingalpha.com/article/156...istoric-proportions?source=article_sb_popular

 

https://www.dollarsavingsdirect.com/DollarSavingsDirectWeb/index.jsp


same company higher yield 1.7%

 

How about Immigrant Bank? (western union)

 

Maybe you should do a little research: http://helpcenter.ingdirect.com/ingd/Topic.aspx?category=C2BNKFDICI#FBNKFDIC02

 

Ah, I didnt notice. All i know is about 12 to 18 months ago when i did some research on them, they were NOT FDIC insured. I just figured they still were not.

 

You are so wrong. They have been FDIC insured from the moment they started in the US with banking.

 

actually i think this is wrong. the moment they started banking was in the 1850's, the moment fdic started was in the 1930, and they have been fdic insured, since the fdic started