http://iowaindependent.com/5656/iowa-banking-superintendent-dont-hit-panic-button-on-economy Iowa politics, news, and commentary Sat, 21 Nov 2009 06:46:10 -0600 http://wordpress.org/?v=2.8.6 hourly 1 http://iowaindependent.com/5656/iowa-banking-superintendent-dont-hit-panic-button-on-economy/comment-page-1#comment-13395 Pages tagged "douglas" Thu, 18 Sep 2008 10:34:48 +0000 http://iowaindependent.com/?p=5656#comment-13395 [...] bookmarks tagged douglas Banking Superintendent: Iowa banks probably OK saved by 20 others     JackDanyells bookmarked on 09/18/08 | [...] [...] bookmarks tagged douglas Banking Superintendent: Iowa banks probably OK saved by 20 others     JackDanyells bookmarked on 09/18/08 | [...]

]]> http://iowaindependent.com/5656/iowa-banking-superintendent-dont-hit-panic-button-on-economy/comment-page-1#comment-13301 daddysteve Wed, 17 Sep 2008 23:01:56 +0000 http://iowaindependent.com/?p=5656#comment-13301 If recent events on Wall Street are any indication, when some big-wig says not to worry then you better do just that. In which recent bankruptcy did they lie beforehand about the solvency of their institution? Hmmm... let's see. ALL of them. Mortgages didn't sink any of these companies, leverage of 30 to 1 or more on top of mortgage backed securities did. Exposure to commercial real estate is likely to affect local banks and this problem has yet to unfold. While we seem insulated from a lot of this right now , the problem is going to take a long time to sort out and you shouldn't be above the FDIC limit in any single bank. At least as long as the FDIC can hold out. If recent events on Wall Street are any indication, when some big-wig says not to worry then you better do just that. In which recent bankruptcy did they lie beforehand about the solvency of their institution? Hmmm… let's see. ALL of them. Mortgages didn't sink any of these companies, leverage of 30 to 1 or more on top of mortgage backed securities did. Exposure to commercial real estate is likely to affect local banks and this problem has yet to unfold. While we seem insulated from a lot of this right now , the problem is going to take a long time to sort out and you shouldn't be above the FDIC limit in any single bank. At least as long as the FDIC can hold out.

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