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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (166301)11/22/2008 11:16:09 AM
From: posthumousoneRead Replies (3) | Respond to of 306849
 
Is there anyone else concerned about a brokerage failure?
What a pain if you have to wait 1-3 months to get your securities back.

From SIPC:
Answers to the 7 Most Asked Questions
How quickly will I get my investments back?
Most customers can expect to receive their property in one to three months. When the records of the brokerage firm are accurate, deliveries of some securities and cash to customers may begin shortly after the trustee receives the completed claim forms from customers, or even earlier if the trustee can transfer customer accounts to another broker-dealer. Delays of several months usually arise when the failed brokerage firm’s records are not accurate. It also is not uncommon for delays to take place when the troubled brokerage firm or its principals were involved in fraud.



To: patron_anejo_por_favor who wrote (166301)11/22/2008 12:35:35 PM
From: arun geraRespond to of 306849
 
>they'd sell the National Parks to China.

How about selling Alaska back to Russia? Throw in Sarah Palin for entertainment.

en.wikipedia.org

-Arun



To: patron_anejo_por_favor who wrote (166301)11/25/2008 11:06:59 AM
From: DebtBombRespond to of 306849
 
There's 34.6 billion left. U.S. problem banks rise to 171 at end of third quarter: FDIC
Tuesday November 25, 10:37 am ET

WASHINGTON (Reuters) - The number of problem U.S. banks and thrifts jumped in the third quarter to 171, from 117 at the end of the prior quarter, marking the highest level since the end of 1995 and adding to expectations that more banks will fail, regulators said on Tuesday.
The Federal Deposit Insurance Corp said the industry-funded reserve to back deposits was $34.6 bln as of September 30, a 23.5 percent decrease from the previous quarter.

The FDIC also reported that bank industry income fell 94 percent from the previous year to $1.7 billion in the third quarter.
biz.yahoo.com