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Hi-interest time deposits in Legacy Financial Group's rural banks (Part 14)

mt88 · 280 · 52772

mt88

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- Blog article: Legacy rural banks on bank holiday?
- News on the Legacy bank holiday: Updates on the bank run of rural banks under the Legacy Financial Group
- Discussion thread continued from: Hi-interest time deposits in Legacy Financial Group's rural banks (Part 13) -Mod.



To All

This article appeared in today's (17 Dec 2008) Sunstar Cebu -


PDIC WON’T HONOR LEGACY SCHEME


http://www.sunstar.com.ph/cebu/pdic-won%E2%80%99t-honor-legacy-scheme

« Last Edit: Dec 21, 2008, 03:10 AM by FutureGizmo »


mokoy222

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LAV

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Hindi ko ito maintindihan. So they will pay us back pero bawas interest na? ok lang yun basta pa us back.

@ ALL - di ba i told you guy, Cong Nograles & Cong Pitchay are stock holders of LFG and closed friend of CDLA. Hindi ito haka haka...ayan lumabas na sa news.

At this point, I still hope to get some money back, even if reduced interest nalang, basta mabawi yun principle kasi this is our money, and sa BANK natin nilagay ang pera natin. Sana magkaisa tayo dito! Hindi ko na alam kung sino ang kakampi at sino ang kalaban.

If Filipinos are just united, we can be a stronger nation. Sana wag mabahiran ng politica ang forum na ito. We have to be united. I am really sorry if I can not make everyone happy here, but studying the possibilities can help as prevent things that could be bad to us before it is too late.

WE NEED TO BE UNITED. Let us use all our connections in media to help us get back our insured money. Kahit less interest na!

LFG Banks is after all a BANK! We have to be protected!

Sino ba ang kasama natin dito? Sino ba ang kakampi natin?

BOSS FG, are you also an LFG Bank investor?
Posted on: Dec 17, 2008, 03:56 PM
Anyways, lalabas lang ako para humanap ng tulong. Kung sino ang makakatulong paki PM ako. Kung sino ang may malasakit sa pinaglalaban ko, Thank you, and you guys are very much welcome. Kung sino ang makikiisa saatin para mabawi natin ang pera natin, wag ng mahiya! Ngayon na ang panahon. We have to know the CLEAR stand of PDIC. Will they pay us? HOW? How much?

In this time of uncertainty in the financial market, the last thing we want to learn is that...there is no certainty that we can get our money back. Pabago bago ang lahat. Pabago bago ang tao.

Ang mga tutulong saakin, salamat, ang manga ayaw tumulong, okay lang, ang mga kokontra, bahala kayo sa buhay nyo!


Robert51

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i have

Mangsleth,

I hope im wrong....imagine if they think that 10% is already high and it is at a time like this were the highest tier 2 to date is 8.625% net given by security and eastwest bank then Philipine ruralbank etc a ten percenter only will not be spared.

but as not to scare people (that much.....) i think its directed more to those who give 16% and above types of banks





i have a 9 1/2 percent tier 2 with union bank in its 3rd year...


mt88

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wintan2006

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              Oh my,this is chaos na.

               LAV,kung nasa pinas lang ako nakatira i will really back you up,wala na ako masyadong kakilala dyan sa pinas.ako nga i got lots of accnts with 3 of these legacy's banks.kung inde iacknowledge ng pDIC ang DYM product ng legacy bank,paano na yung offer ng ibang banks na meron ding DYM like Banco fil and AMA.nakakatakot na rin maglagay sa ibang banks.ako nga hilo na rin kaiisip.eh kung may problema pala bakit hinayaan pa ng BSP na mag operate ang mga banks na to?tsaka diba na receive naman ng pDIC ang mga premiums ng mga rural banks na to?eh bakit ngayon nila sasabihin na inde i honor?

              To all the depositors,tulong naman,kung may connection po kayo,gamitin nyo na.just tell us who are living abroad what to do,kung kailangang mag ala EDSA revolution sa PDIC office,papupuntahin ko members ng family ko na nasa pinas.

               To all  non depositors of these rural banks,kung maymatutulong po kayo,WELCOME PO and salamat.


saber

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diamond

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« Last Edit: Dec 17, 2008, 04:42 PM by diamond »


wintan2006

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          if that's the case,good for us who were able to get our monthly interest.i guess it will be just fair for PDIC just to make the 250k pay out since talaga namang inde na nila sagot yung interest.


mt88

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          if that's the case,good for us who were able to get our monthly interest.i guess it will be just fair for PDIC just to make the 250k pay out since talaga namang inde na nila sagot yung interest.



What if PDIC says the rural bank paying out monthly high interest is unsound banking practice and PDIC deducts the high interest from your 250K (and only paying normal bank interest rate)?  This means you may get maybe 150K from PDIC (depending on how long ago you deposited).

Anything can happen if the rules of the game can be changed mid-stream.






richpulubi

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diamond

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junie

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tama ang kay diamond, based on my xperience with people's bank and bankwise this year, pdic honored all amounts within insurable limits and account rules.

but i can understand lav and wintan. it's hard and exasperating to play the game when the rules keep on changing.

suriin natin mabuti ang draft ng proposed pdic amendments. for sure there will be LOOPHOLES that will always favor the state and be adverse to depositors.  

di muna ako magmo-move while awaiting the RBoP payout and pdic amendments.


baka

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Nakakastress naman isipin un mga "haka-haka" or mga "what ifs"...  


ice_man101

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lahat tayo magkakampi, iisa lng ang hangarin natin, ung ay ang makuha ang pera natin. kahit principal man lng.

un ang importante, magtulungan tau, magpalitan ng kuro2x.

salamat at God bless sa ating lahat.


 


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