With the residential housing problems still going strong, and now the commercial property getting started, which wasn’t hard to figure since who was gona be around to pay that bill if people were out of work and not making any money to buy stuff at the malls, Its looking more and more like even the FDIC might not be able to cover all debts. Or if they do you could have your money stuck in limbo so long you might be dead before you can get to it.

So I’m not too sure now what the answer is.

Only way I’d go past the expiration date is to stay under 100K if the interest rate offered was pretty high.

The New York bank inherited many of the loans as part of its September purchase of a failed competitor, Washington Mutual Inc. (NYSE:WM), and its move will cover as many as 400,000 borrowers. J.P. Morgan said Friday the borrowers will be moved into loans carrying lower interest rates, smaller principal amounts or other more-affordable terms, The Wall Street Journal reported.

The move came shortly after the bank received a $25 billion capital infusion from the U.S. Treasury’s program to strengthen financial institutions and get credit flowing.

“Our goal in doing this was to come up with something that we think will lead the industry in helping as much as possible on this issue,” said J.P. Morgan executive Charles Scharf.

John Taylor, chief executive of the National Community Reinvestment Coalition, said the action was “a gutsy move on their part. They are bending over backward to try to reach out to these people.”

Solution ; Unjust Enrichment
Knowledge is immaterial under the law of unjust enrichment
Wed, 4 Jan 2006 17:23:00 -0500
Re: Unjustly enriched executive
“Former HealthSouth Corp. chief executive officer Richard Scrushy has been
ordered by a judge to repay his former company more than $47.8 million in
bonuses, according to published reports. … Judge Allwin E. Horn III of
Jefferson County Circuit Court in Birmingham, who made the ruling as part of
a summary judgment in a shareholder lawsuit, determined that Scrushy is not
entitled to the payments whether or not he participated in the fraud or knew
about the scheme.”
Prosecution evidence
Fed lowers Interest to prop Fannie and Freddie
2001 to mid 2003 the Federal Reserve lowered its interest rates 13 times,
from 6.25 to 1.00% overnight rate averaged 0.68% June 2004,
the Federal Reserve System target interest rate continued to do so 17
straight times
In March 2006, the Federal Reserve ceased to make public M3, arguably the
most reliable means of measuring the money supply.
Fed declared that the costs of collecting this data outweighed the benefits
Here’s the kicker
The Fed needed to increase rates not lower them
Quote”. overnight overdrafts (more than three occurrences in any 12-month
period), the overnight overdraft rate increases by one percentage point for
each additional occurrence.”
American Demand Law Enforcement and Remove ,the Corrupt CEOs, Fed,
Congress
.Recover $500+B, Honor and make corruption look stupid.
American have no choice but to take the Law in there own Hands or the
corrupt have take control of America
Rem; Congress did not fail they scammed,
Rem; Congress had many red flags about the credit problem
Use the war to decoy American focus
Congress , Falsely accused, made statements of treason and stopped much
funding to protect our Military.
Congress disrespected the position they held to the point of treason.
The rule ; one is judged on how they have judged then they need to go to
prison for life and hell for eternity.
Rem; Corrupt CEOs, Fed and Congress believe they are above the law and
Americans to stupid, to scared, to weak to enforce the law..

article by Poor Sinner

“While the company initially reported profits during the period, Horn wrote,
HealthSouth really lost money, making Scrushy and other executives
ineligible for any bonuses.”

‘Knowledge is immaterial under the law of unjust enrichment,’ the judge
reportedly wrote. ‘Scrushy was unjustly enriched by these payments to the
detriment of HealthSouth. And to allow Scrushy to retain the benefit of
these payments would be unconscionable.’ ” Proven by Fact

Corruption spent $500,000.00 on a party because they think Americans are stupid. Breaking the laws, means nothing to one that have on Honor for there position or even the oath they have taken. The Why and How. Why easy GREED. How The one person that had Honor And Respect for the Position he held retired. YES MR. Greenspan. No B.S. That is Fact. Look what the Fed has done. Lower rates more, at large amount, with out notice, like never in the history of America. WHY WHY To prop up number on Freddy ,Fannie and many more needing Bail out. A False perception. Why is it hitting the fan now. America the fed rate is at 1% and they are going to move it down to 0% it can go no lower. The perception of bad mortgages is all B.S. Think 200 CEO in just one firm making $100s of millions. Give each foreclose $500,000.00 and it comes to only $400B The Numbers are not even reasonable. Americans Now the Good News News so good it is time for us to have a party. American must demand . Enforcement of the Laws
.Recovery of money but more than money this will stop the leaks/corruption in it tracks.
Over 1000 CEO have been unjustly enriched. CEO must repay over
$300B in bonuses.
Unjust Enrichment by laws recover from years back

I went and checked out the site. I didn’t actually see any accounts there with rates better than CDs.

The highest savings rate I’ve seen recently is a 3.75%.

You can find more at www.topcheckingaccounts.com

The only downside to these accounts, is that none of these banks/brokerages have local or nationwide branches. Once it’s open though you can setup direct deposit and start earning interest and have cash readily available.

-Sam G.