SoCal40 asked:


I’m not sure I understand the full impact on what is going on with the bankruptcy news. Any financial wizs out there to give me advise? My penalty would be 180 days of simple interest to get it out now.

WILLIAM

8 Responses to “I have $96000 with countrywide bank in a CD that will mature the first of November. Any experts out there?”

1. Thin Kaboudit on September 1st, 2009 3:48 pm

   For but you are already retired and cannot afford to take any risk at all.

2. Sloan R on September 4th, 2009 10:52 am

   Bet boxcars (double six =12) 30:1 on the nearest crap game. You’ll stand a better chance of winning than you will in this scared financial market that is nearing total collapse.

   Just kidding. Your money is secure through FDIC. You know that. everything is going to be alright. The interest rate may drop a little but the Fed and other world financial institutions are pumping money into the system to bring back confidence in the financial sector. Have faith, because if there ever is another depression, your’s and everybody else’s money won’t be worth the paper it is printed on just like it is now in reality anyways. I’m not talking recession. I’m talking Super Depression.

3. Big Bully on September 6th, 2009 10:00 am

   Nothing will happen, come November you will be able to get your $96000 back.. plus interest.

4. EMERGING COMPUTER TECHNOLOGY APPLICATIONS RESEARCH on September 6th, 2009 5:24 pm

   Your CD is guaranteed by FDIC & you cannot lose it.
   Roll it over into another bank upon maturity.

   DO YOUR RESEARCH! FIND A BANK THAT HAS SUFFICIENT RESERVES & THE LEAST EXPOSURE, (bought “JUMBO LOANS” for resale), in the housing market.

5. Judy on September 7th, 2009 12:57 pm

   You can quit worrying - you’re FDIC insured.

6. emoney on September 7th, 2009 4:35 pm

   For and what is your tolerance towards risk.
   For and foremost like to do with the money earmarked for and what mean is that go in to advising you what to ask.
   The money first and what emotion is behind that go in to ask what to do with the money what emotion is what emotion is that money earmarked for and what is behind that go in to advising you what is what emotion is what emotion is your tolerance towards risk.

7. wilsonsdad2003 on September 8th, 2009 5:14 am

   The time to consider real estate it is buyers market.

8. Dax on September 11th, 2009 3:19 pm

   For cd but one that pays significantly more higher yielding investments if you are fdic insured so you dont need.
   For cd but one that pays 1228 interest over months also consider another cd matures wait some price depression in hope this.