FDIC is BROKE, Federal Deposit Insurance Corp is BROKE

[808hawk]

they are going to tap up the tax payer for more whilst goldman sachs is banging out the bonuses from their raiding of the aig bailout. it doesn't get much more corrupt does it.

[rg2027x]

All those multiple $700+ BILLION$ dollar Taxpayer subsidized so-called "bail outs" "rescue plans" & "stimulate the economy" swindles" couldn't save the FDIC huh.

What a fucking scam.

[believersunderground]

why? to give more of tax payers money to ganiva The World Bank. you think the FDIC is for the comman man? its for the greedy only. Scott (BUG) sorry bro. there all con man!!! no bs

[TadRapidly]

tomorrow, the 25th, is showtime. lets see if they fudge the numbers or tell the truth.

[eurogoldexchange]

What should I google to learn more?

[TadRapidly]

Nothing to learn. the FDIC is broke, everybody knows it but we'll see tomorrow how they plan on handling it. The report will either lie or it won't. Today would be a good day to make a withdrawal.

[skybirdbird]

Thanks...couple this with the article about Guaranty Bank being purchased by Spain....seems we are having trouble finding U S buyers......it's starting to get rough out there...

[lizadfuel]

Good video!!!! Banks pay into the FDIC in case of future bank failures, but this is as phoney as the Fed. The FDIC entrusts these funds to the Treasury but there is one problem, The Treasury lends out this money so the US Gov can stay operational. There are no reserves and there have never been any, for the US Gov has been spending these FDIC reserves since day one.

[elephantinpajamas]

Bloomberg: With the failure of Colonial Bank and the possible near- term failures of one or two more large banks, the FDIC may be forced to levy a special assessment on the industry sooner than it had planned, said Camden Fine, president of the Independent Community Bankers of America, an industry group. How does this relate to what you're saying?

[eurogoldexchange]

I would say such an assesment (you should say tax, commision, mandatory payment, premium) would no longer be an insurance permium, but a mutual savings fund with predictable recipients in the community of donors. This can be proposed because it will leave the big banks high and dry. This problem is likely to drive an effort to get more taxpayer money, which would mean you and your children will pay for money you entrusted to your bank. Better get your money now and kill the banks.