Customers of failed Mainstreet Bank show up curious, concerned,...

Customers trickled in and out of the Mainstreet Bank branch in South St. Paul on Saturday, some looking for answers, some to take their business elsewhere.

[Fox News Alert]

"Fox News reported that we will all go broke if we
don't pull our money out of banks because they
were failing at an alarming rate!"

On other reports by fox news:

"The big government will not insure your money
It is going towards Katrina relief and overall healthcare
for the poor!"

Get the hell out of this country with your money ASAP!!

[fdic is almost]

The MainStreet depositors are lucky it went under before the FDIC runs out of money. When Corus goes down in early September, the FDIC will be out of money. There are still hundreds of bank failures yet to come. GLTA

[Brodie from Shakopee]

Don't worry about FDIC insurance. The Federal Reserve will buy the bank is they have to.

Now, the real problems are how a do we pay for all this debt the US has accumulated and could we be expecting stagflation due to all the antics of the Fed Reserve?

Health care is a minor problem compared to the aforementioned.

[Another casualty]

...of the Bush-era mentality. Risk big for big winnings only to lose in the end. Just more reason for reforms and regulations of a crooked industry.

[Bad advice]

Fox News Alert wrote:

"Fox News reported that we will all go broke if we
don't pull our money out of banks because they
were failing at an alarming rate!"
On other reports by fox news:
"The big government will not insure your money
It is going towards Katrina relief and overall healthcare
for the poor!"
Get the hell out of this country with your money ASAP!!

Dude, you're panic-inducing response is the reason people aren't listening to reason anymore. Step 1: stop watching Fox News, it's rotting your brain.
Step 2: the other commentors are correct, you're money is protected under FDIC.
Step 3: Talk to a financial consultant and get some sound advice on saving money

[frank rizzo]

Mainstreet use to offer 100% lot financing. If you wanted to buy a piece of land, they were the sleazy bank to go to. Also, if you were a builder and wanted to build a house, Mainstreet would give you up to 90% of the appraised value, not of the actual cost !!! Talk about lending ripe for fraud !! So, this sort of junk that they have in there real estate mortgage portfolio is what drove them out of business at a cost of $100,000,000 to you and me (US Taxpayers). Good luck the the jacka$$'s that approved all of this junk, I am sure they will do well selling cars !!