Archive for the ‘Miscellaneous’ Category

What’s your 118?

Friday, February 8th, 2013

118

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How NOT to treat your clients

Thursday, December 20th, 2012

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Some new features

Thursday, January 5th, 2012

Well, aside from the falling snow, I’ve added a Subscribe button in the upper right hand corner of the page–well, this and every page–that will let you subscribe to updates in any number of blog readers. Click the drop-down, select your type of reader, and you’re ready to roll.

Click this:

 

Then this will pop out:

From there you can just select your preferred method.

Next, if you think this blog or this particular post is just fabulous, you can now broadcast it via Facebook, Twitter, StumbleUpon, or you can choose to e-mail it. You’ll see the image below at the bottom each posting. Pick your poison.

Oh, and by the way, you’ll see that row of icons just below this sentence.

 

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FDIC Insurance Coverage Update

Thursday, July 22nd, 2010

Yesterday, the FDIC announced that basic coverage (i.e. on regular deposit accounts) would be permanently increased to $250,000.  Until now, the increase from $100,000, which was instituted at the height of the financial crisis, had been temporary, expiring on December 31, 2013.

Here’s an excerpt from FDIC chief, Sheila Bair that was included with the FDIC”s press release.

With this permanent increase of deposit insurance coverage to $250,000, depositors with CDs above $100,000 but below $250,000 will no longer have to worry about losing coverage on those CDs maturing beyond 2013. We strongly encourage all bank depositors who have questions about their insurance coverage to go to our Web site at www.fdic.gov and use our Electronic Deposit Insurance Estimator (EDIE) or call our toll-free number at 1-877-ASK-FDIC. Insured deposits provide the comfort and peace of mind to depositors that their money is 100 percent safe – provided they keep their deposit balances within the insurance limits.

Click here for the entire press release.

Another measure taken in those dark days was to offer FDIC protection, with no limit on dollar amounts, on certain types of accounts, including low- to no-interest checking accounts.  That is set to expire at the end of the year, but there is the option to extend it.  In this era of safety nets and national nanny-ness, I’d say there are decent odds of it at least being renewed.

10:17 am update, courtesy of Gary Shearer

The Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law by President Barack Obama today permanently raised the maximum deposit insurance amount to $250,000. In addition, the Act made this increase retroactive to January 1, 2008.

The provision making the law retroactive means that the $250,000 deposit insurance amount applies to banks that failed between January 1 and October 3, 2008. These insured institutions are:

Hume Bank, Hume, MO

ANB Financial, N.A., Bentonville, AR

IndyMac Bank, F.S.B., Pasadena, CA

First Priority Bank, Bradenton, FL

The Columbian Bank and Trust Company, Topeka, KS

Silver State Bank, Henderson, NV

This retroactive increase has reduced the number of uninsured depositors at these failed institutions from more than 10,000 to approximately 500.

That’s 9,500 depositors with uninsured deposits who now have insured deposits.  You are forgiven for wondering if that change had anything to do with making certain voters happy.

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Wanna visualize the BP oil spill?

Tuesday, June 1st, 2010

If so, just go to this cool website, which uses Google Maps technology to allow you to put the spill wherever you want to.  Here, for example, is what it would like like centered over Fort Wayne.

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