What is Digg?7 Comments
- tecknopuppy, on 10/10/2007, -0/+5Well at least all the customers with NetBank got switched over to ING Direct, a much better online bank (in my opinion), and FDIC will cover them, sucks for those with over 100,000 in the bank though ... :P
- inactive, on 10/10/2007, -0/+4This is a very serious matter, thanks for breaking this story Zaibatsu. I'm going to do some further research on it and see how widespread this might become.
- siszam, on 10/10/2007, -1/+3It's not uncommon for a bank to close now and then. It's not happening often enough to be frightened about....yet. Here is a link where you can find lists of bank foreclosures.
http://www.fdic.gov/bank/individual/failed/index.h ...
If the link won't work correct the ending to .html. For some reason it doesn't show when I submit. - inactive, on 10/10/2007, -1/+2If you look back in time to the events that preceded the Great Depression, it wasn't just one event, but a gradual meltdown that kicked into high gear.
- Albionshores, on 10/10/2007, -1/+2What is worrying is not that the bank closed, like Siszam points out banks do foreclose from time to time, but that the reason for the foreclosure was linked to the subprime mortgage crisis. That in itself shows that the market's bouyancy still has to contend with the CDO doomsday scenario which is yet to ripen...
- Error601, on 10/10/2007, -1/+1Twice a fictional headline on this. Is it even that hard to go to the wikipedia page and read the reasons?
Browsing Digg on your phone just got easier with our enhancements to the 
© Digg Inc. 2009
— Content created and posted by Digg users is