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	<title>Thoughts On Finance &#187; banks</title>
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	<link>http://thoughtsonfinance.com</link>
	<description>Money Management and Debt</description>
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		<title>FDIC Will It Take Care Of You?</title>
		<link>http://thoughtsonfinance.com/2008/10/21/fdic-will-it-take-care-of-you/</link>
		<comments>http://thoughtsonfinance.com/2008/10/21/fdic-will-it-take-care-of-you/#comments</comments>
		<pubDate>Tue, 21 Oct 2008 17:22:11 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[account]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[bank's problems]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[dime]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[FDIC Insurance]]></category>
		<category><![CDATA[FDIC online evaluator]]></category>
		<category><![CDATA[Federal Government]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[finances]]></category>
		<category><![CDATA[financial wizards]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[money is insured]]></category>
		<category><![CDATA[new FDIC rules]]></category>
		<category><![CDATA[personal finances]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[stock market]]></category>
		<category><![CDATA[Suze Orman]]></category>
		<category><![CDATA[withdraw]]></category>

		<guid isPermaLink="false">http://thoughtsonfinance.com/?p=26</guid>
		<description><![CDATA[FDIC insurance is what our banks supposedly have to cover our money in case the bank that you have your money in goes under.  This insurance used to cover up to $100,000 per account and has recently been extended to cover up to $250,000 per account and if your money is in a non-interest bearing [...]]]></description>
			<content:encoded><![CDATA[<p>FDIC insurance is what our banks supposedly have to cover our money in case the bank that you have your money in goes under.  This insurance used to cover up to $100,000 per account and has recently been extended to cover up to $250,000 per account and if your money is in a non-interest bearing account, all the money that you have in an account is supposedly covered according to the new FDIC rules effective until December 2009.  Investment and finance expert Suze Orman has been on TV of late for commercials regarding the new  FDIC online evaluator, that allows you to check and make sure that your money is insured.  My real question to all is, if this system were to crash, would our government really be able to cover all of the money that every single person in the US has in the bank? And the answer in my opinion is NO WAY! Take a moment and think about the movie &#8220;It&#8217;s a Wonderful Life&#8221;.  In that movie, when people got wind of the bank&#8217;s problems they all ran to the bank to withdraw all their money at once and very quickly they knew they were in trouble.  How do you think that our government would handle such a crisis? Do you think that they could just explain to people that their money was invested in their neighbor&#8217;s homes and farms? I think not.  So is it a good idea to keep all your money in the banking system? I suggest not.  I am not saying to withdraw every penny, however, it may be a more advisable to begin to save some cash on hand, just in case.  I mean with the stock market so iffy, and the potential that banks and real estate could crash and no credit available, isn&#8217;t it possible that you could be left without a dime.  I think it is not only possible, but perhaps likely.  In any case, it is not meant to scare people, but to take note of where your money is and who has the control over it.  It is actually ironic that we are allowing the Federal Government full control over our personal finances, especially since they seem to be such prudent financial wizards, don&#8217;t you think?</p>
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		<title>Worrying About The Short Term</title>
		<link>http://thoughtsonfinance.com/2008/09/20/worrying-about-the-short-term/</link>
		<comments>http://thoughtsonfinance.com/2008/09/20/worrying-about-the-short-term/#comments</comments>
		<pubDate>Sun, 21 Sep 2008 02:21:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Financial Changes]]></category>
		<category><![CDATA[bail out companies]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[barter]]></category>
		<category><![CDATA[credit card bill]]></category>
		<category><![CDATA[Credit cards]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[declining quickly]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[financially]]></category>
		<category><![CDATA[floating a check]]></category>
		<category><![CDATA[greed]]></category>
		<category><![CDATA[helpless]]></category>
		<category><![CDATA[no end in sight]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[selfishness]]></category>
		<category><![CDATA[spiral downward]]></category>
		<category><![CDATA[what will happen next]]></category>

		<guid isPermaLink="false">http://thoughtsonfinance.com/?p=21</guid>
		<description><![CDATA[Financially we are all thinking, what will happen next week or next month.  Things in the economy seem to be declining quickly and we find ourselves helpless to do little more than watch our lives spiral downward with no end in sight, but what about the long term. I can&#8217;t imagine a world without banks [...]]]></description>
			<content:encoded><![CDATA[<p>Financially we are all thinking, what will happen next week or next month.  Things in the economy seem to be declining quickly and we find ourselves helpless to do little more than watch our lives spiral downward with no end in sight, but what about the long term.</p>
<p>I can&#8217;t imagine a world without banks and credit cards, but maybe that wouldn&#8217;t be so bad.  I guess we could barter, and return to a world where we actually had human relationships and where people had to be decent to each other in order to get the things they need.  What about all the others, the people who are completely unwilling to give up their lives of complete selfishness and greed.  Will they just steal to get what they want? Will they be able to survive this way, or will their greed just eat them up and spit them out? Will we? I don&#8217;t really claim to know how all this mess is going to pan out, but I do know that we can&#8217;t just continue to bail out companies and pretend like everything is okay.  They keep talking about a recession if they don&#8217;t bail out these companies, but isn&#8217;t this just a way of prolonging the inevitable and making things worse.  They say that we need to do this now, but what they aren&#8217;t saying is what will come of this debt down the road.  In my mind it is kind of the equivalent of floating a check or paying one credit card bill with another credit card.  The debt isn&#8217;t going away, it is just being transferred and it will eventually catch up with us and most likely when it does the results will be way worse than they will be if they let this catastrophe happen right now.</p>
<p>Pretending like everything is fine, will not and does not make everything fine.  These problems are not going away anytime soon, either way.  I am not sure what comes next but I am sure that we must be prepared for some major lifestyle changes or we will not survive it, of this I am almost certain.</p>
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