FDIC Says Deposits in Failed Bank Are 'safe'
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.... im gana fall asleep
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Yeah, too bad the Federal Reserve is a privately owned company...
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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.
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horrible idea. what happens if there is another depression. if a bank fails, people lose their money! think into it!
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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.
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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.
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This is all about the Federal Reserve Act. Research it and tell your Representatives you want the Federal Reserve Act repealed!
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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
BLESSEDone333 3 years ago 4
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 3 years ago 2