What Happens if Your Bank Goes Bust?
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4:17
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Toronto Stock Exchange - TSXby HarrySeemann2,251 views
FDIC is not a good thing...because of the insurance, people do not "shop" a bank. When was the last time you checked out the balance sheet of a bank? You don't check it out cause there is the FDIC. So for banks to get your business they have to return a better interest rate than others, which means risky if not reckless investing...."junk bond" investing, to get higher rates...the FDIC gets its money from the Federal Reserve these days...thus causing inflation. Your money buys less in the end..
auctionmusic 2 years ago
Beware of working for the federal financial regulatory sector. Some men have been killed. Collusion and technology leave you at risk of horrible abuses and the government is owned by negative captialists...money launderers. I have been tortured since 2001 after being an FDIC bank examiner. Life nightmare since. See Mobile Audit Club online and links for proof
saintrambone 4 years ago 2
Good video, I've learned something new. Keep going!
terek66 4 years ago