Comments on: Largest Thrift Failure Since S&L Crisis http://theflatironlife.com/2007/09/30/677/ These are the ramblings of a young married couple in the great City of Chicago. Sat, 06 Sep 2008 05:30:20 +0000 http://wordpress.org/?v=2.2.1 By: Daniel http://theflatironlife.com/2007/09/30/677/#comment-1834 Daniel Wed, 06 Aug 2008 04:58:44 +0000 http://theflatironlife.com/2007/09/30/677/#comment-1834 I read similar article also named Largest Thrift Failure Since S&L Crisis, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me I read similar article also named Largest Thrift Failure Since S&L Crisis, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me

]]> By: Jacob Tomaw http://theflatironlife.com/2007/09/30/677/#comment-595 Jacob Tomaw Thu, 04 Oct 2007 02:23:40 +0000 http://theflatironlife.com/2007/09/30/677/#comment-595 Lack of notification might be to prevent runs, but the insurance itself is the primary defense against that. I think it is mostly because when the OTS finds a bank to be insolvent it revokes the banks charter and gives the FDIC authority to sell immediately. (As a bank employee you would have more incite than I) I have been pleased with ING so far, because other than not being able to open a new NetBank account nothing has changed for me. The real test will come in 60 days when the accounts are converted. Lack of notification might be to prevent runs, but the insurance itself is the primary defense against that. I think it is mostly because when the OTS finds a bank to be insolvent it revokes the banks charter and gives the FDIC authority to sell immediately. (As a bank employee you would have more incite than I)

I have been pleased with ING so far, because other than not being able to open a new NetBank account nothing has changed for me. The real test will come in 60 days when the accounts are converted.

]]> By: Rob R http://theflatironlife.com/2007/09/30/677/#comment-589 Rob R Wed, 03 Oct 2007 21:35:19 +0000 http://theflatironlife.com/2007/09/30/677/#comment-589 "No advance notice is given to the public when a financial institution is closed." Is this to prevent a run on the bank? Interesting... How are you liking ING Direct? “No advance notice is given to the public when a financial institution is closed.”

Is this to prevent a run on the bank? Interesting…

How are you liking ING Direct?

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