Joe Friday

Chewing on the FDIC List of 'Problem' Banks

Greg, I was not aware that FED had signed an agreement of some kind with OTS (although it doesn't surprise me). Can you provide a link?

thanks

WaMu and More: Uninsured Depositors Begging for Trouble

seems to be a whole lot of 'shoot the messenger" here.

I, for one, appreciate the article. We need more people raising the red flag about poorly run financial institutions, and we all need to be aware that not every bank is safe. Far to many people are at risk, and do not know that they are. There is no reason to take any risk at all for the paltry amount of interest these banks will give you on checking account or CD. Leaving your cash in any institution with even a hint of a problem, is absolutely foolish.

The article is important, and trying to ignore the facts is idiotic.