Failed Banks So far:
Northern Rock
Bear Stearns
IndyMac
First Integrity Bank
ANB Financial
Hume Bank
Douglas National Bank
First Heritage Bank
First National Bank of Nevada (28 branches)
Forthcoming failures(?):
Barclays (senior execs jumping ship right now!)
Bradford & Bingley
HBOS
Downey Financial
Corus Bankshares
Doral Financial
FirstFed Financial
Oriental Financial
BankUnited Financial
Washington Mutual (largest bank in USA)
… and many more. Keep you posted
http://news.aspects.cc/economy/bank-failures-so-far
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If you have anything like over 1,000 dollars in WAMU, get it out now. Last October, it's stock was over $10 a share. Now, it's below $4 a share. And falling...
Or you could wait it out. THat's what the folks doing business with INDYMAC did and guess what happened? When they went to get their money, they were treated with a heavy police presence and postdated checks for the account balances. Can you wait two to four months for your money? Can anyone? That's your FDIC at work. Post-dated checks. Even with these checks, many banks refused to cash them, putting month(s) long holds on them. IndyMac set the precedence for what is coming to others.
We are coming to a place in the USA where cash is king, and debit cards will mean nothing...for a time. After the banking crash, watch a gold backed AMERO emerge, like a phoenix, to replace dollars. By then, the riots, the camps, and everything else will have taken place.
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