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scottishmoney

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FDIC Running Out of Money
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

 

Offline Eringobraugh

Re: FDIC Running Out of Money
March 05, 2009, 11:35:08 AM
OH.......Thats just great!!!

let the run on banks begin

"If you wish to be a success in the world, promise everything, deliver nothing."
Napoleon Bonaparte
 

longnine009

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Re: FDIC Running Out of Money
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?

 

Offline Paint Your Wagon

Re: FDIC Running Out of Money
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

Where I am going I ain't certain
Where I am going I don't know
All I know is that I'am on my way
 

longnine009

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Re: FDIC Running Out of Money
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.

 

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