Jul. 27th, 2009 @ 10:33 am
Thanks - I found that one, and went to the Austin Statesman for their version...the problem is that Ch. 8 ran a story Friday at 6 that Guaranty was GONE, don't go to the bank as the Feds will be there yadda yadda yadda. According to Guaranty yesterday, not true - they are looking for an investor, etc.
I think they're almost gone, but what do I know?
Your deposits are insured; All that will happen as far as the consumer goes is that the bank's name will change. I saw a 60 Minutes segment a while back that showed what happens when a bank fails. It's fascinating: http://atlantis.cbsnews.com/2100-100_162-4848047.html
So the bottom line is that next Monday, instead of Guaranty, you may be a customer of Wells Fargo. Or Chase. And I KNOW how excited you'll be about that! ;)
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