Are people really taking all there money out of the bank?

Today i saw long lines of cars at a local bank. I just wondering why?
Are they taking there money out? it is insured up to 250,000 now with fdic. so there no reason to take it out.

You may have seen long lines at the bank because it is the beginning of the month and people have received their social security checks. I haven't seen anyone taking all their money out of the bank. But there have been millions of phone calls and questions about everything that is going on. Also, many older people have been coming in to check their accounts and make sure they are all covered under the FDIC insurance.

As for the FDIC insurance, I'm not even sure if that has taken effect yet. It depends on how they wrote it up in the bill.

Some people are taking their money out of banks. (there is a place)

what money? only the rich people have money

THERE
THEIR
THEY'RE

it's not hard

just split your money between different account if you got more than it is insured for ;-)

yes they are, which is stupid, unless you have over $250k then, i would consider, take your money out, the bank then has no money... and everything continues to fail.

lol..that's not good..trouble trouble!

People are crazy. I don't think we are to the point where we need to go nuts. I keep putting money in the bank. Of course.. I don't have 250k.

well YES its called a bank run and ppl did it in the 20-30

thats what basically started the depression becouse ppl take ther money out becouse there afraid the bank will go out of buisness and they'll lose there money so they all take it out at once and the bank doesnt have enough money on hand to give it all back so the bank closes unles federal reserve increases the amount of money a bank has on hand

or something like that ((i learned this in my buisness class on friday and its hard to rember ))
but what i did get out of it is that its bad and we shouldnt do it or we'll launch ourselves into a depression
hopefully we can come out of the recession and go into recovery and skip the depression but i dont foresee that happening but what do i know

yes becaue over 20000 banks around the world have been going bank rup so if you any money saved in the bank for some speacle reson then i suggest that you take it out. i did and the next day it cloed. so i would have been *** out of 15,000. you really need to b care full

I haven't heard of the FDIC amount being raised to $250.000. I'm covered up to $100.000 by the FDIC. What I'm worried about is the investments I have in the stock market. Or should I say "HAD" in the stock market. I also just found out that Wells Fargo is taking over Wahcovia (spelled wrong) my bank, so for now I feel comfortable where my money is.

no they are probably there cause its saturday and the banks close early. Go to the drive through on a friday after pay day and see how long your waiting on line.

Do you have over $100,000.00 in the bank? I don't think you do, or you might use proper grammar.... LOL, I know, easier to type short hand style, but much better practice for you to type 'error free' if you can....honest. Okay, your question was.....Yes that bank that had the line outside, was it a large small bank, or was it one of those smaller First Third, or Fifth Third, or some other named bank, not like BoA, or Citi... With so many merging now, just think. All Wachovia banks are going to be Wells Fargo, and so on.

There will be more banks going down, smaller ones, and who knows now...Pehaps there will be more larger mergers, and take overs... he numbers they are quoting you are futile. How long it will 'really' take to get this issue resolved.... Might be many years... And with the ages of those retirees, that are counting on their Social Security... where is there nest egg going to come from now? The 'profits' of Banks that now have to raise their interest rates... and hope the economy turns around to put back in what was taken our of our cookie jar?
I won't be able to get my Social Security for over ten years.. They had better keep their promise to us, our tax dollars went out to save the 'Sell TOO many shares/rich fat cats'...And where is their tax money? Over seas with the rest of it!
I know to keep stability, here we go again, 'Chicken Little Phobia": I say, "Let the Sky Fall! Already!"
We would of recovered within this 'ten year span' any ways, and at least still have our 700 Billion still in 'our' accounts! NOT THEIRS AGAIN! I am not an economist authority here, but everyone knows, you can't keep selling something over and over again, meanwhile, your note/loan providers also sell to folks that can't afford it. And let's be real here, too many took out the credit to pay for the expensive home, planning to re-sell it at a profit, and get out... Well...their plans fell through. As more and more jumped on the same ship, the housing market went down, the economy went down, the lenders kept doing what they wanted to do... and the securities that were bought, were fraudulent. What a way to screw us, over and over again.

probably or they are just depositing it for the bills
who knows ...

yeah some people are
but they really shouldnt there going to have to pay tax on it

Some people even buy gold right here http://xyuq.com/

Because some people don't know that you're certain bank is Insured with FDIC, so they are paranoid and are getting out their money... Just leave them to their idiocy.

i dnt think so but i no people are talking about how the banks might be shutting down but i am not for sure!

I think ppl are cautious now.Wouldnt you be with all this mess?

oh man i hope not. we would be in trouble if they are

some are trying to my mom has well over 400k in there and they wont let her take it out its a damn crime cuz i was to suppost to inherit it all

Some people have more than 250k.

I'm not taking my money out.

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