The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Bonds & Fixed Income Investments

URL:  http://boards.fool.com/our-largest-bank-account-is-electric-orange-at-27111346.aspx

Subject:  Re: Ing Bailout Money Date:  10/20/2008  8:31 AM
Author:  alstroemeria Number:  24944 of 35387

Our largest bank account is Electric Orange at ING. We transferred money into it from our Wachovia MMA the weekend their rumors started--and most of that money came from a large matured CD from CapitalOne(!). ING says it's FDIC insured, but I am nervous. And to think I felt safer because it's "diversified" to have some of our stash at a non-American bank.

I'm seeking advice--should I open yet another bank account elsewhere? Will my money be on the run for several months/years? sigh.

ASIDE
It's not bad enough that "they" (from Wall St to the Fed to Congress) took down my stocks, some of my bonds, my CD rates, and home value, and our mutual economy. Now my cash is under attack! grrrrr.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us