KOTCT

Castle Courtyard => General Discussion / Questions => Topic started by: scottishmoney on March 05, 2009, 11:05:16 AM

Title: FDIC Running Out of Money
Post by: scottishmoney on March 05, 2009, 11:05:16 AM

Something to think about for bank depositors counting on the FDIC to insure their deposits:

http://news.yahoo.com/s/afp/20090305/pl_afp/financeeconomyusbankinggovernment
FDIC Warning Not Enough Funds To Cover Failures

Title: Re: FDIC Running Out of Money
Post by: Eringobraugh on March 05, 2009, 11:35:08 AM

OH.......Thats just great!!!

let the run on banks begin

Title: Re: FDIC Running Out of Money
Post by: longnine009 on March 05, 2009, 02:47:54 PM

But they'll still be able to pay out enough to cover year end bonuses won't they?

Title: Re: FDIC Running Out of Money
Post by: Paint Your Wagon on March 05, 2009, 11:49:47 PM

Quote from: longnine009 on March 05, 2009, 02:47:54 PM

But they'll still be able to pay out enough to cover year end bonuses won't they?

Yes but this year they will be called hardship bonuses and next year danger bonuses

Title: Re: FDIC Running Out of Money
Post by: longnine009 on March 06, 2009, 02:26:09 AM

They need the free trip to Guillotine  Island bonus. But for that we'd have to have a gubment that wasn't in their back pocket.