I am confused. Which Company has folded up in the last two weeks and which ones banks mainly are expected to?

Question

in the lets say thirty dayes? 1929 here we come?

Answer 1

IndyMac Bank and Countrywide Bank are both in serious financial trouble.

Anything/anybody with holdings that are in or connected to the home mortgage fiasco.

edit: The FDIC insurance coverage is actually $100,000 per depositor in each different bank.  So, a husband and wife with a joint account have $100,000 coverage EACH for a total of $200,000 insured coverage.

In addition, deposit insurance can be increased if you have money in other types of accounts that are actually held in different categories of ownership.  Check out the source.

Answer 2

but in 1929 there was NO FDIC

now we have FDIC which insures all accounts up to 10,000

so lets not panic!

the only bank closed (really just taken over was Indymac)

I wouldnt worry about the other banks Unless you have over 10,000 dollars in that bank