FDIC Limits

[TadRapidly]

Boy, she makes bankruptcy sound almost FUN! Yay, we're broke! :-)

[cris750]

President Barack Obama should give $19,000 for each worker whether temp or perm who have worked for the past 10 years on any Payroll tax info of any company and temp agencies.

[cris750]

Banks would need to allow individuals to have GOLD(or a metal cuurency) in their accounts. OR someone could create a new bank with this idea? The government would need to reverse the law against the Gold standard. Adam Smith has mentioned that Paper currency was created to represent Gold(or a metal currency).

[flubno]

Gold is to confining.There is only so much gold in the world, unless they want to jack up the price to a million dollars an ounce. The Federal reserve prints money out of thin air, and so do Banks. The banks make money electronicly , when you put 100 bucks in the bank, they can lend out 1000 off that. Where does the extra 900 come from ? they just make it up, a few key strokes on there computer.

[emforty2]

wachovia just got sold!

how many more are going to fail in the next months?

the FDIC picsk our pockets they dont have money or means to make money people need to understand that

the taxpayer is the FDIC

[YOUNGFRESHHARLEM]

The FDIC only has $52 billion in reserves....If Wachovia goes under it would wipe out that fund.....