That's exactly what happened and why FDIC was such a big deal when it created. Thankfully it hasn't been put to the test for any massive banks (ex: BofA). I'm glad your money is in other banks and safe though :]

Take care!

A Criminal Justice major to boot!

Actually my money is in other banks. I know it is probably an unfounded fear, but . . . people might panic, and when they see this bank close, they will run on their banks, causing a cascade effect.

EDIT, thanks for the heads up, I appreciate it.

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Hey, not sure if you're still paying attention to this post but a bank just failed and FDIC said money will be available no later than Monday morning (i.e. one business day turnaround time). More info...

Again, your case could be an outlier but here's a real working situation that just happened to a pretty big bank with assets of over $200b.

These are all true points. You can only retire if you have put a sufficient amount into your retirement funds. Like 6 or 7 digits.

Creditors hate this one trick

Fliboneygibbit, if you're nasty.

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THIS is why I would never move to a blue city in a red state.

I think the better question is why are people so quick to be shitty on the internet over simple little mistakes

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>So much for the party of Local Control...

Are any non-Republicans actually dumb enough to believe they argue this kinda thing in good faith?

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Yes, but most people don't go beyond the matched % for their 401(k) and they also don't expect to have to live a more austere life in retirement than before. Obviously the point of retirement planning is to be ready for it when you want to retire, but not everyone plans that carefully and I don't want folks to think it's as simple as ' job+401(k) = retire by 60 '

So did she charge the transactions to a stolen card? Or ring it out as cash then refund to her card? I can’t figure out how she didn’t get caught immediately. Cause there’s no way she rang up half a mil on one card.

My Aunt did something like that when she worked at Discover card for years. My Aunt got caught because they did a surprise audit when Morgan Stanley sold Discover or something.

Sounds like the sort of thing someone might do during a manic episode. Probably wasn't really planning ahead that far.

This happens way more frequently. The worse part is how long this has been going on and black homeowners took the brunt. Sad.

Depends on how much you put into it and how much you expect to live off.

Sabotaging urban area governments and screaming about urban areas having ineffective governments, name a more iconic Conservative duo.

While paying 18.9% interest back to you, right?

Jesus: "Ah, looks like you're last to grab a bagel again Judas, I'd give it to you but then Mary wouldn't have a bagel, sorry bro!"