OK, the first of the month is right around the corner...if this isn't settled...

[Frustratedlady]

can I still use my checking account? They keep talking about not being able to use the ATM, withdraw money...

Why do I imagine the fat cats lying back in stuffed chairs with big stogies lit and brandy snifters swirling with rich, aged liquor to celebrate our misery as they laugh at the entire scenario?

[Eric J in MN]

1. Yes, you can still use your checking account and ATMs.

NT

[Possumpoint]

2. Based On iReport

Those with Credit Cards issued by Bank of America and who have credit scores below 750 may have their accounts closed to new charges as of october 1st.

[Debau2005]

3. Well does that mean

that they will stop calling us and harrassing us for payments that are 5 days late?

Yeah, I doubt it...

[anigbrowl]

4. Yes. Your accounts are NOT going to stop working

It is important to work out a bailout package because, as noted, otherwise banks are going to stop lending to each other. but that's over a period of several months, not hours or days. You'll have lots and lots of warning, so don't panic.

[Possumpoint]

5. Last Night

On CNBC a FDIC report was aired that 92% of the banks are solvent, don't have toxic paper and are making loans. What does this say? This bailout was designed to assist the very large 8% who aren't.

Brokers in the stock market are now expressing concerns that they want to avoid the stock market rising back up before closing and only closing at 250 down. They want the pressure to remain on congress.

Don't panic!

[madrchsod]

6. try this->"the only thing we have to fear is fear itself"

[SammyWinstonJack]

7. Good one!

:thumbsup: Personally I rather like running around with my hair on fire. :evilgrin: