MaxedOutMama
Monday, June 14, 2010
Huge Results on The 3-Mo
Wow. 4.93 coverage. Bloomberg has the yield at 5 bps. A lot of near-term money is lunging towards safety.
We'll give it a few days and see if the bend in the longer yields unkinks a bit.
We'll give it a few days and see if the bend in the longer yields unkinks a bit.
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Money is lunging toward PERCIEVED safety.I just finished a 2 hour class on short sales given by an escrow agent who specializes in these.There are some signs that some lenders are beginning to demonstrate minimal competence,but the procedure at best is a messy one and I strongly suspect that many would be better off with a foreclosure or bankruptcy,very much depending on who the lender is.I have yet to hear a good word about Chase.Is your bite any better?
# posted by 
: 1:34 PM
: 1:34 PM
MoM: E*Trade Bank just told me they are closing some smallish CDs I have with them. You know the wheels are coming off when a bank wants to be rid of your money!
# posted by : 2:40 PM
: 2:40 PM
Daniel Newby,
Bank Run
A bank run (also known as a run on the bank) occurs when a large number of bank customers withdraw their deposits because they believe the bank is, or might become, insolvent.
E*Trade Bank was probably forced to take action. They were experiencing a Bank Unrun!
Bank Run
A bank run (also known as a run on the bank) occurs when a large number of bank customers withdraw their deposits because they believe the bank is, or might become, insolvent.
E*Trade Bank was probably forced to take action. They were experiencing a Bank Unrun!
Daniel - were they just not renewing them?
This is the second time recently someone's commented about CD termination.
If a bank can't make a profit on the money, the bank doesn't want it. But I would have expected the offer rate to be very low.
Tom - bite's still improving, but there is a bit of swelling left at the site. I keep taking the amoxicillin, because I am afraid to stop.
This is the second time recently someone's commented about CD termination.
If a bank can't make a profit on the money, the bank doesn't want it. But I would have expected the offer rate to be very low.
Tom - bite's still improving, but there is a bit of swelling left at the site. I keep taking the amoxicillin, because I am afraid to stop.
These were small short-term CDs. Ordinarily they would yield a percent or so below long-term investments, but when those are sitting at 1% themselves ...
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# posted by : 9:32 AM
: 9:32 AM << Home
