Is all your money safe?

If the Government loans the money to these folks the question my 13 yr old ask was: Are they going to have to pay a higher intrest rate than someone with good credit?

It seems that people here in DC, many on the Hill, are confused after yesterday’s bailout problem. Most are not even excited about the upcoming debate on Thursday. It is like everyone is in a daze. I have not seen this many people silently afraid of the future in my lifetime. No one seems to know what to do. It is like you no longer need an MBA to understand why Economics is truly the dismal science. This crisis is proof that Obama has been right from day one. This is a “defining moment in our history, and there is a “fierce urgency” for a need for change, right now. Now even McCain has taken up Obama change message. Yet why some still fail to credit Obama for having the foresight of understanding when he forecasted the magnitude and serious of failed Bush Policies and tearing one another down politics is beyond me. I am shocked that the more Obama tries to stay above the fray, how everyone continues to do the very things he has been speaking against. He seems to be the only serious candidate with a clear understanding of the root to the problems here in DC. He is clearly better then John McCain, but some stubborn people refuse the accept it. They are like addicts in denial. You would think that someone has destroyed their religion, for them to admit that Obama is the best chance we have. People need to realize that if Obama goes to the White House, it is not an indictment against them personally. A vote for Obama, in most cases, is a vote for yourself.

Try as you guys may you just cant seem to induce the degree of panic you would like to see for this situation.
If it were anyone but politicians and reporters using these tatics they would be charged inducing panic!

Last week a long time Houston based new car sales business announced that it is clsoing its doors around the country because customers cannot get loans to buy cars. CNN needs to contact and interview the owners of Heard Chevrolet in Houston to get the main street impact of the banking crisis.

I have three trust accounts with three different tax-id's at the same bank. I have the same two beneficiaries listed on each of the three accounts.

Am I covered under FDIC for:

A; $600,000

B: $300,000

C: $200,000

or something else?

I'm unemployed. I have a 401k, I don't know anything other than I have 67 percent in stock and 14 percent or so in bonds am I messed over or what? These are figures from August of 2008, that I am going by. By the by I'm near fifty.

Why are we considering a bail out for the fat-cat wallstreet executives who caused the mess, rather than a bail out for the real people who are living this mess?

It has been interesting in the last days to gleen the truth out of the circus of politicians and commentators spouting this and that, but most importantly, the market numbers are not the major issue here. I guess the media has been instructed to play damage control, focusing on the market rather than bridge loans, which are frozen at this hour. To prevent a run on the banks, I guess this is a good deversion. Nevertheless within a month, small businesses will not be able to borrow for payroll and inventory...what then?

I own a business and we are experiencing tight times. Are businesses or individuals able to apply for credit card accounts?

Hello Jennifer, to add to another blog asking if these creditors will pay a higher interest rate, as their credit rate should be pretty low – Will they also make sure that the executives or anyone up or down the line DO NOT receive bonuses or raises?? With that,, they should not be able to over penalize the consumer with higher fees, interest rates, ect....
I feel the 700 billion should have been returned to the Legal Americans, so they can pay back these companies and save their homes and the businesses that need that money back. Instead,, they leave all in a place that Bankruptcy is the only option out and the companies get nothing!! hmmm,,,,I'm not greedy,, but I've lost my job and I could use : 50,000 dollars to pull my head up from under the currant!!!! thank you

Here is a thought- my 22 year old son asked me last night – Hey mom why doesn't the president split that 7 trillion dollars with every one over the age of 18 that lives in the u.s. ?? What a stimulus that would be, people would pay off mortgages, buy big products such as vehicles, take vacations, invest in the stock market.
Think about it – us average americans could actually afford to do something. How much money would that be for every one of us?? He said he figured around 300,000.00 – We live in southern Idaho where the average pay is 8.00 an hour – which is around 26,000.00 per year.

I'm sure all of us have gone through hard times at some point in our lives. Now it's time for the big corporations to feel what the rest of us have felt. Pull up their boots out of the crap they put THEMSELVES into and deal with it.

It reminds me of the kid who got himself into a bind and is looking to his parents to bail him out. A kid will never learn if they don't pick themselves up. It's time we let these "kids" fail and hopefully learn from their mistakes! Mom and Dad aren't always going to be around.

Why doesn't everyone listen to Glenn Beck and take his advice? The man is right on and says what a lot of us really think. He should be on the floor of Congress.

The increase on the FDIC is another clear example that the top of the food chain wants to make sure they are covered. Most citizens aren't even worried about this issue. I know when it comes to the food chain, if the little guys don't get fed, the big guys cant survive. Once again this bailout is focused on the wrong part of the food chain. Once again they want to make sure they don't lose money, lets go back to buying with cash! Whats wrong with that? Every other country in the world does that. If you cant afford it then you shouldn't be allowed to buy it! Sincerely, Daniel Ruelas, Helotes, TEXAS

Being in position to start a retirement fund where should I put my money, and not knowing what is going to happen with the market? Should I invest in Mutual funds? Treasuries? Under my mattress?

Why would you bail out the same people that brought you where the economy is now? I love that financial domino effect of incompetent bankers and corrupted politicians, who passed laws about imaginary financial derivatives – pure fiction about turning $trillions:) And to add insult to injury...they are asking us to pay for their lousy work and corrupted ethics!
This bailout plan that they voted on sounds like one great big "robbery" of our "pensions". the American tax payer do not needs a "bail out". "I know" there will not be a single nation or organization that will "bail" the United states out. So our economy will tank and the same "fat cats" by that time would have cashed out of our currency and bought Euros and gold while our dollar and pensions are worth "ZERO".

My husband and I each have a roth IRA (stock symbol PINDX). We have watched the value of them head south since about January of this year. We started out at about $14 a share and yesterday they were at $8.66 a share. What should or can we do before our IRAs become worthless after the thousands of dollars we have put into them over the years?

A segment of this mornings show had a statement from a lady that withdrew $5,000. from her bank account and placed it in the bank's safety deposit box. How smart is that? Did they give her the combination to the bank's vault and a key to the front door?

According to the 2006 US Census about 75% of the country is over the age of 18. Current estimates put the US population at about 305,315,486, do the math, that’s about 230 million adult americans. So lets take 700 billion and divide that by 230 million. Comes out to just over $3000 by my calculations. Sorry but that’s no $300,000 for each adult. But consider for a moment the bailout will raise the total national debt to about 11.3 Trillion dollars (according to CBS News), which means that the national debt will be about $49,000 for every adult american. Um… you know the problem with debt is that it needs to be paid back once in a while… But yet we're still adding to it. How much sense does that make? Isn't that what got us into this mess in the first place?

new to this...........does someone answer your questions ? or is this just a place to vent comments ?

I am retired and out of the stock market since 2006. After attending a financial senior seminar, I invested the stock funds into Annuities with insurance companies. I know that they are not FDIC insured but are guaranteed by the companies. How safe is my money? What happens if the insurance companies go under?

I have four Iowa Tax Exempt Bonds. Each one is for 5K and AAA rated. As of 2 October 08 there value is down 16K. Will this market recover or will I lose it all?

Robin,
Just want to tell you I love you and I wake up early to watch you. You are the best.
On the other hand Glenn Beck? Why does cnn ruin its good reputation having such a stupid person like Beck on there. Don't understand?
He is not intelligent @ all and not open minded. He say's he's a thinker what a joke.
I wait for the day he get's fired. I do not like him.

ditto on robin and beck, and I own PINDX too. $6.69 today down from over $15 half year ago and I have "thousands" of shares of this crapter. What do I do? I cashed 1600 shares in to buy a house back when it was still $10 a share and I can reinvest that money at no cost on the 16th. Should I? If I do I'll get like 500+ more shares than I sold. Seems like the only chance I have at finding a silver lining in this dirt cloud. Might take a decade but I can wait. I'm 33.