Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: desertdaveataol Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1109  
Subject: Lots of questions about insurance Date: 11/16/2008 6:17 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Another local team game on the radio Saturday. I listened to about an hour and a half today, Sunday, and here's my take on what was said. Keep in mind that I may have misheard Bob and that I may have misunderstood what I did hear.

Lots of questions about insurance and the survival of
insurance companies today.

I noticed Bob is still being careful to include the phrase "FDIC insured" with his advice on buying CD's and on bank accounts.

Bob pointed out that the NCUA covers credit union deposits & CD's just like the FDIC covers bank deposits and CD's.
http://en.wikipedia.org/wiki/National_Credit_Union_Administr...

Callers are (justifiably) upset with the way the government has mishandled the economy and the bailout.

The banking system is not cooperating with government efforts to stimulate the economy.

Says we don't have to worry about inflation right now.

Home buyers should bargain hard with "low ball offers... you have all the cards right now".

I disagree with Bob on that one. If I just wanted to buy a house I'd wait another year or so. If I needed to buy a house well, maybe. But I think I'd rent and wait for prices to come down some more.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement