FDIC Says Deposits in Failed Bank Are 'safe'

[bocrappe01]

.... im gana fall asleep

[americaincorporated]

FUCK THE FDIC!! All they do is make banks less risk adverse, which is the worst thing we need. Banks don't need to advertise their financial security. Why? Because their deposits are backed by taxing power. Get rid of the FDIC, or privatice "insurance for banks". Banks will then stride to be financially safe to attract clients.

[frankie827]

horrible idea. what happens if there is another depression. if a bank fails, people lose their money! think into it!

[americaincorporated]

No FDIC = Increased risk of an individual bank of failing.

With FDIC = Increased risk of all the banks failing.

Depositing money into the bank is like buying stocks. To protect against losses, you need to examine the balance sheet and future projections. That should be our goal. It isnt the governments obligation to back up private companies.

[ChristRaper666]

Yeah, too bad the Federal Reserve is a privately owned company...

[Face2nutts]

This remindes me of a story I once heard. The Federal reserve, said banks were looseing money, so everyone freaked out, and took their money from the smaller banks, and the fed reserve took over.

[batgirl791]

This is all about the Federal Reserve Act. Research it and tell your Representatives you want the Federal Reserve Act repealed!

[DawidandShoshana]

Dont worry everything is gonna be alright.After more banks fail,and more people loose their homes,and unemployment increases.Then the government will step in and help those people in need.BY sendinging them to relocation/help facilities run by FEMA.Once there you will get (gmo)food,medical care(inoculations)and they will find you employment(work camps).Although you may have to brace yourself,to do your part,you may have to be separated from your family members for a time

[DawidandShoshana]

Dont worry everything is gonna be alright.After more banks fail,and more people loose their homes,and unemployment increases.Then the government will step in and help those people in need.BY sendinging them to relocation/help facilities run by FEMA.Once there you will get (gmo)food,medical care(inoculations)and they will find you employment(work camps).Although you may have to brace yourself,to do your part,you may have to be separated from your family members for a time.

[DawidandShoshana]

You must be strong.If you work hard and submit you will be reunited with your loved ones. Remember you can trust your government.They have already put the necessary infustructure in place to deal with the comming ecconomic and social difficuties facing amerika.We have all enjoyed the latest prosperity.Now its time to roll up our sleves and get to work.We can do it for Amerika

[He101A]

Work camps? Reminds me of Fascism, Nazism, and Stalinist Communism. The kind of places where they make you do back breaking work, like mining, leveling mountains+hills, digging ditches for foundations for buildings, cutting trees, or any other manual work.

[flatsignedbooks]

I need a 5th job

[Fyrlocc]

1--FDIC is funded by the banks it insures, not the taxpayers: read your history

2--Because of the FDIC, depositors of this bank haven't lost their life savings

3-I didn't have money at this bank, but did at another FDIC-insured bank that failed (years ago) and I was paid dollar-for-dollar.

Those that are griping don't know what they're talking about

[underaserpentsun]

There is $6.84 Trillion in bank deposits. $2.60 Trillion of that is uninsured. Total cash on hand at banks is $273.7 Billion. If uninsured depositors start asking for cash on the barrelhead, things could get ugly real fast. The vast majority of those uninsured deposits probably are corporate accounts. Anyone with a corporate account at a distressed institution better do something about it pronto unless employees will be happy with a delayed paycheck of 50 cents on the dollar.

[Creator01]

blame it on the fuckin greedy homeowners

[jburt56]

Get a safe!!!

[BLESSEDone333]

OH GOODIE.... The federal reserve who prints money backed by only AIR is going to PRINT MORE MONEY TO GET US OUT OF THIS MESS.

yeah, that will do it..... Lets not look at the REAL reason for the losses.

TOO MUCH CREDIT...

nah... we will just give them more credit and it will all be better

GO BACK TO SLEEP SHEEPLE

[quakepapi]

Getting a loan a bitch now.

[Simplyreal313]

you me anybody that pay an income tax.

[livelaughluv18]

this is scary..

[TECHKLEC]

I blame it on deadbeat homeowners in big houses living way beyong their means and sloppy management.

[TECHKLEC]

Oh, then, I guess the money will just come out of thin air!

[2004JETTA]

second or third largest bank failure in US history whats next? stay tuned

[allenzaghikian]

This is not funded buy taxpayers money!!!!

[EXPRECDJ]

See IndyMac?! Washington Mutual, Wachovia, Countrywide and others will be the same by the end of the week... Check their stock prices out and you'll see...

[thegreenfamilybooks]

Go out right now and buy food!!!!

[danny458]

management in Indymac suck big time!

[alex3914]

Learn, learn, research, power, power, expand, research, research, memorize,learn,instinct, and apply. We are about to experience a huge depression soon.

[marcusjansen239369]

maybe this will wake the slow in this country up to impeach Bush and to support Ron Paul. But....probably not:)

[RageMoreNow]

We. Are. Fucked.

[TECHKLEC]

If there is a bailout for Freddie and Fannie, then their stock won't be worth anything, taxpayers will foot the bill and borrowing money will be more difficult for the government.

[leepakim]

on monday morning there will be a Bank Run on Indymac regardless how "safe" everything is.

[cybertrader69]

the beginning of the end of all banks and your hard earned money.

they will fuck you dry, then fuck u some more.

believe no one