Which Banks Are Safest? - Page 2 - GoFuckYourself.com

Jensen · 09-21-2008, 12:49 PM

Every single account in Norway is secured up to $400 000 .. got more? Just spread it over more accounts or more banks... interrest on the money would be around 7.1% - 7.2% atm...

Vendot · 09-21-2008, 02:21 PM

Quote:

Originally Posted by Jensen

Every single account in Norway is secured up to $400 000 .. got more? Just spread it over more accounts or more banks... interrest on the money would be around 7.1% - 7.2% atm...

Awesome....... like Unreal Bank? I'll check it out.

7.1% is pretty good but i dont see how they can secure $400k

topnotch, standup guy · 09-21-2008, 02:23 PM

Quote:

Originally Posted by Yandros

Little does anyone here realize that soon it will be the standard mortgages which are the cause of all the woes.

The global asset market is correcting and houses that were worth 500,000 will shortly be worth 100,000 -- their actual value. A 500,000 dollar loan on a 100,000 dollar house = unbacked debt. Welcome to reality. Virtually every asset backed loan in the world is about to become an unbacked loan. Thus is the nature of an asset bubble caused by credit expansion.

You sound a lot like that Peter Schiff guy who's been running around telling anyone who'll listen that the sky's falling and that we're all totally fucked; no matter what anybody does.

Think about it. If the two of you are right, it doesn't much matter what congress or the fed or anyone else does.

Right?

So what are you worried about?

Might as well enjoy that last cigarette before they tie your wrists and put your blindfold on.

RTP · 09-21-2008, 03:19 PM

here is an inside tip...

track back to the sources, retail lending is obvious but if you want to make an educated guess look at the history of a company from the wholesale (affiliate channel) history

when the banking institutions had more problems selling mbs investments to wall street, many of the banks pulled hard on the reigns on wholesale business to protect themselves due to the amount of fraud and to match mbs guidelines. they would only do retail because they had control of what was coming in and could regulate themselves. but many stayed in the game late because so many places were shutting down and they wanted to be the source for funding...first to go was pure wholesalers, investment firms and now as we are experiencing, retail banking hits

there are many banks that deal in the secondary market without a retail presence so it is hard to tell from a consumer standpoint...just knowing they didn't do RETAIL subprime is some info, check the history and ANY banking institution that kept correspondent and wholesale channels open is in deep shit, even if they closed late...CW, Indy, Wachovia (all victims). Most consumers that banked with large companies have confidence because for the most part retail lending divisions only do A-paper, "good loans" but most people do not know that the same banks that are strict have heavy investments/wholesale channels in subprime and Alt-A ex. most people felt safe with WAMU

If you look at this list on http://ml-implode.com you will see the fall as described, first the wholesale channel fails, then correspondent channel then finally the retail side will fall. Even though that list is not of big banks, many of the bigger banks and unions have investments in those subs and now the public is feeling the fallout

My safe list

BofA
Wells
USB
Chase

Wamu may fail still..

Jensen · 09-22-2008, 02:09 AM

Quote:

Originally Posted by Vendot

Awesome....... like Unreal Bank? I'll check it out.

7.1% is pretty good but i dont see how they can secure $400k

Well, I normally just pay out so I'm sure you'll like the other banks better

Not sure what you mean by the $400k though. Every banks that wants to operate in Norway is forced to secure that by law. Each and every bank + the government pays into a fund to make that work. Thank god they learned from the banking crisis in the 80s...

brand0n · 09-22-2008, 06:25 AM

BofA seems to be the best bet

Vendot · 10-06-2008, 12:54 PM

Quote:

Originally Posted by xmas13

Chase, Deutsche Bank, Fortis, Credit Agricole.

Fortis almost collapsed....

tranza · 10-06-2008, 01:04 PM

Cool bump....

09-21-2008, 03:19 PM	#54
RTP aka Jimmy James Industry Role: Join Date: Nov 2006 Location: Newport Posts: 1,335	here is an inside tip... track back to the sources, retail lending is obvious but if you want to make an educated guess look at the history of a company from the wholesale (affiliate channel) history when the banking institutions had more problems selling mbs investments to wall street, many of the banks pulled hard on the reigns on wholesale business to protect themselves due to the amount of fraud and to match mbs guidelines. they would only do retail because they had control of what was coming in and could regulate themselves. but many stayed in the game late because so many places were shutting down and they wanted to be the source for funding...first to go was pure wholesalers, investment firms and now as we are experiencing, retail banking hits there are many banks that deal in the secondary market without a retail presence so it is hard to tell from a consumer standpoint...just knowing they didn't do RETAIL subprime is some info, check the history and ANY banking institution that kept correspondent and wholesale channels open is in deep shit, even if they closed late...CW, Indy, Wachovia (all victims). Most consumers that banked with large companies have confidence because for the most part retail lending divisions only do A-paper, "good loans" but most people do not know that the same banks that are strict have heavy investments/wholesale channels in subprime and Alt-A ex. most people felt safe with WAMU If you look at this list on http://ml-implode.com you will see the fall as described, first the wholesale channel fails, then correspondent channel then finally the retail side will fall. Even though that list is not of big banks, many of the bigger banks and unions have investments in those subs and now the public is feeling the fallout My safe list BofA Wells USB Chase Wamu may fail still.. __________________ Jimmy James ATKingdom/AMK Empire Since 1996 - My Movies Home of ATKGirlfriends - Where we take pornstars on trips...and fuck them. Connect with me on LinkedIn

09-22-2008, 06:25 AM	#56
brand0n been very busy Join Date: Nov 2002 Location: the queen city Posts: 26,983	BofA seems to be the best bet __________________ want to buy this spot for cheap? it is of course for sale. long term deals are always the best bet. brand0n/ at/ a o l dot commies.

10-06-2008, 01:04 PM	#58
tranza ICQ: 197-556-237 Join Date: Jun 2003 Location: BRASIL !!! Posts: 57,559	Cool bump.... __________________ I'm just a newbie.

09-21-2008, 12:49 PM	#51
Jensen Confirmed User Join Date: Apr 2001 Location: Norway Posts: 3,790	Every single account in Norway is secured up to $400 000 .. got more? Just spread it over more accounts or more banks... interrest on the money would be around 7.1% - 7.2% atm...