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north central Oklahoma | Is our money in savings safe. I am aware that banks can call loans due at any time, I have read the fine print a time or two. I don't think it will come to that, but let's just way for sake of convenience we have $50,000 balance on 4-1/2% morgage and $500,000 in savings, things go to heck in a handbasket, wife loses job, grains go to the basement as Agtrader insists they will. We owe a bank money. but a bank owes us money. They hold our morgage and our savings, but as has happened in history, won't pay but 10 cents on the dollar on savings because they say they are insolvent. The bank may be insolvent, but they are holding our savings. Is it ours or is it gone. Do we lose the house and the savings too?
Edited by Cowboycorn 1/5/2008 22:39
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Building Bins/Adding Value {SEN. CITIZEN}
