Sep 28 2008
Bank Went BankRupt, What about my account?!
I am sure everyone has been thinking about the VERY APPARANT recession. Although a bunch of knuckle heads cant see it, its here to haunt us all. Banks are going out of business, rich people are getting richer… WHoopS!!
Anyway, What about my checking account? So the bank went broke, but wait.. What about my deposits that I have been using to pay off my insurance and other bills? Well the good news is that its not going to disappear. But it may take somewhere from 6 months- 2 years. So if you have no back up money, start worrying. Its always good to have some emergency cash on you. Its also important to have accounts in different banks that are not linked ( screw you WaMu! )
Please feel free to add comments, blast or praise my thoughts, I love um all.




