Bank accounts may no longer be insured

[Splum]

Since the other thread title does not accurately depict what is going to happen.

Federal Deposit Insurance Corp. Chairman Sheila Bair said the fund it uses to protect customer deposits at U.S. banks could dry up amid a surge in bank failures

http://www.bloomberg.com/apps/news?p...d=alsJZqIFuN3k

This isnt doom and gloom predictions this is a real possibility, at best the FDIC would have to use taxpayer money to fund the insurance. Let me say this again, the FDIC will use YOUR money to protect YOUR money in bank accounts.

[crockett]

Well that's kind of obvious.. If there is ever a run on the banks, they would never have enough money to cover. At that point the dollar would be worthless, so it would be a moot point anyway.

[Splum]

Originally Posted by crockett

Well that's kind of obvious.. If there is ever a run on the banks, they would never have enough money to cover.

No no this isnt a "run on the banks" deal, this is if enough banks fail(and they will) the FDIC will have to find another source of money to protect deposits at the remaining banks.

[pocketkangaroo]

FDIC has a "full faith and credit" agreement with the government. So to say your account is no longer insured is misleading and wrong.

[Splum]

Originally Posted by pocketkangaroo

FDIC has a "full faith and credit" agreement with the government. So to say your account is no longer insured is misleading and wrong.

How is it "insurance" when YOUR TAX DOLLARS are protecting your OWN BANK account so the banks can make money off of your money?
The title is not wrong at all, you are just blind.

[Carmine Raguso]

Banks are so 2008. Hiding it under your mattress is where it's at!

[pocketkangaroo]

Originally Posted by Splum

How is it "insurance" when YOUR TAX DOLLARS are protecting your OWN BANK account so the banks can make money off of your money?
The title is not wrong at all, you are just blind.

They currently aren't and the FDIC is asking to change its fees so that never becomes an issue. So far you've said our tax dollars are funding the FDIC right now which is wrong. You've also said our bank accounts may no longer be insured which is wrong. That's 2 for 2, quite impressive.

[Splum]

Originally Posted by pocketkangaroo

So far you've said our tax dollars are funding the FDIC right now which is wrong.

I did not say our tax dollars are funding the FDIC you flat out fucking liar, please quote where I said that.

Originally Posted by pocketkangaroo

You've also said our bank accounts may no longer be insured which is wrong. That's 2 for 2, quite impressive.

Dictionary: may
2. Used to indicate a certain measure of likelihood or possibility.
http://www.answers.com/may

[fuzebox]

Originally Posted by Splum

How is it "insurance" when YOUR TAX DOLLARS are protecting your OWN BANK account so the banks can make money off of your money?

I suppose if you don't pay taxes but still bank in the USA that would be one case where your tax dollars not protecting your own money

[Splum]

Anyone know where Epassporte offices are located now?

[jalami]

Originally Posted by Splum

How is it "insurance" when YOUR TAX DOLLARS are protecting your OWN BANK account so the banks can make money off of your money?
The title is not wrong at all, you are just blind.

Very simple... if shit hits the fan the Fed will create dollars to meet FDIC's obligations. FDIC guarantees up to $250,000 in your bank account, but nobody guarantees how much $250,000 will actually be worth when this is all over.

[seeandsee]

More shit every day

[Splum]

Originally Posted by jalami

Very simple... if shit hits the fan the Fed will create dollars to meet FDIC's obligations. FDIC guarantees up to $250,000 in your bank account, but nobody guarantees how much $250,000 will actually be worth when this is all over.

Haha thats funny.... and sad.

[tranza]

Oh crap...

[xxxdesign-net]

The FDIC is fine if only a few banks fail... If theres a complete meltdown of the banking system, you can forget about your money... One, the FDIC wont have the money, two, using tax dollars to pay yourself back is non-sense, three, if the US economy has collapsed, printing the money to pay everyone back will literally kill the dollar and will give your $100,000 the value of toilet paper

[Reak AGV]

Insert <Epic FAIL> picture. Thanks please proceed to regular posting schedule.

[notime]

In that case I would have the bank manager catch rabbits for me and milk my cows while I do his wife.
That sounds fair doesn't it ?

[notime]

Originally Posted by Carmine Raguso

Banks are so 2008. Hiding it under your mattress is where it's at!

The paper it's printed on or the value it represents ?
What would you hide under there if it were ever to happen, god forbid ?

[Snake Doctor]

*YAWN*

Doesn't this troll ever get tired?

The bank accounts are insured by the people who have the keys to the printing press. There is absolutely zero chance that depositors will no be made whole in the event of a bank failure or a run on the banks. Period. The End. Case Closed. Move On.

[DaddyHalbucks]

You guys are so negative. Look on the bright side: alot of welfare mothers got money to have lots of babies, we acted as Mexico's relief agency, and alot of poor people got mortgages.

Who cares what it cost?

[Darkland]

Originally Posted by jalami

Very simple... if shit hits the fan the Fed will create dollars to meet FDIC's obligations. FDIC guarantees up to $250,000 in your bank account, but nobody guarantees how much $250,000 will actually be worth when this is all over.

And that is the problem right there... the FED. What do you think all the newly printed or fake money coming out of that place is doing to the US dollar? Making it stronger? NO!

The more we allow the government to keep cranking out money from the FED the worse things are going to get. I don't understand why people don't get that.

Forget about rising taxes, we have allowed our Government to straddle us with an 1.6 trillion dollar debt to heap on top of our taxes, seems we might allow them to nationalize the banks (when centralizing them under the FED was bad enough), allowed them to buy controlling interest in these large lending institutions (WHILE WE PICK UP THE DEBT), allowed them to create a chokehold on our civil liberties and freedoms in the Patriot Act, allowed them to keep us under an umbrella of terrorism brought to you by the media, and now we might stand here and watch our money at risk with no protection from the FDIC.

When is enough enough?

With the way people are these day, I can guarantee when it is to damn late to do anything about it.

[PornMD]

Originally Posted by notime

The paper it's printed on or the value it represents ?
What would you hide under there if it were ever to happen, god forbid ?

As those Latin soccer commentators say:

GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOLD!

(yes I know they say goal )

[GatorB]

Originally Posted by Splum

Since the other thread title does not accurately depict what is going to happen.



http://www.bloomberg.com/apps/news?p...d=alsJZqIFuN3k

This isnt doom and gloom predictions this is a real possibility, at best the FDIC would have to use taxpayer money to fund the insurance. Let me say this again, the FDIC will use YOUR money to protect YOUR money in bank accounts.

Exactly where did you think the money came from in the first place exactly?

[GatorB]

Originally Posted by Darkland

And that is the problem right there... the FED. What do you think all the newly printed or fake money coming out of that place is doing to the US dollar? Making it stronger? NO!

The more we allow the government to keep cranking out money from the FED the worse things are going to get. I don't understand why people don't get that.

Forget about rising taxes, we have allowed our Government to straddle us with an 1.6 trillion dollar debt to heap on top of our taxes, seems we might allow them to nationalize the banks (when centralizing them under the FED was bad enough), allowed them to buy controlling interest in these large lending institutions (WHILE WE PICK UP THE DEBT), allowed them to create a chokehold on our civil liberties and freedoms in the Patriot Act, allowed them to keep us under an umbrella of terrorism brought to you by the media, and now we might stand here and watch our money at risk with no protection from the FDIC.

When is enough enough?

With the way people are these day, I can guarantee when it is to damn late to do anything about it.

Alright Debbie Downer quit your bitching and take up arms if you think that's the way things are. Oh wait you won't you'll just continue to bitch. Man up or STFU already.

[Darkland]

Originally Posted by GatorB

Alright Debbie Downer quit your bitching and take up arms if you think that's the way things are. Oh wait you won't you'll just continue to bitch. Man up or STFU already.

I already am, what I certainly won't say on here. Look at my post count and look at yours. Are you doing anything? Or are you one of these happy sheep all to glad to keep their blinders on.

You don't know me bitch so dont act like you do. If I was your average postwhore you might have been right.

[Drake]

Who let this guy out of his straight-jacket?

[notime]

Originally Posted by PornMD

As those Latin soccer commentators say:

GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOLD!

(yes I know they say goal )

can't eat gold (if it ever were to would happen, god forbid)

[GatorB]

Originally Posted by Darkland

I already am, what I certainly won't say on here. Look at my post count and look at yours. Are you doing anything? Or are you one of these happy sheep all to glad to keep their blinders on.

Um the asshole that helped cause this mess is GONE. so yeah I'm happy. If Obama wasn't in office McCain would be and things would be worse. So yeah I'm giving the Obama a chance. If things aren't better in 4 years then perhaps I'll vote for someone else. People are too impatient today.

You don't know me bitch so dont act like you do. If I was your average postwhore you might have been right.

I know people like you. Bitch and DEMAND others do thing while doing nothing themselves. while I don't agree with Timothy McViegh, the Unibomber or Eric Rudolph or how they handled their issues they had with the government at least actually put their money where their mouth was.

The southern states seceded from the rest of the US and lost many people because they didn't agree with the government. Our founding fathers and thousands of their fellow countrymen risked and lost their lives breaking away from the British government. They stood up for what they believed in. YOU and others like you only bitch and don't have the courage to take one for the team.

I'm so glad you think bitching on porn industry message board is some sort of accomplishment.

[Darkland]

Originally Posted by GatorB

Um the asshole that helped cause this mess is GONE. so yeah I'm happy. If Obama wasn't in office McCain would be and things would be worse. So yeah I'm giving the Obama a chance. If things aren't better in 4 years then perhaps I'll vote for someone else. People are too impatient today.



I know people like you. Bitch and DEMAND others do thing while doing nothing themselves. while I don't agree with Timothy McViegh, the Unibomber or Eric Rudolph or how they handled their issues they had with the government at least actually put their money where their mouth was.

The southern states seceded from the rest of the US and lost many people because they didn't agree with the government. Our founding fathers and thousands of their fellow countrymen risked and lost their lives breaking away from the British government. They stood up for what they believed in. YOU and others like you only bitch and don't have the courage to take one for the team.

I'm so glad you think bitching on porn industry message board is some sort of accomplishment.

And I know people like you. Make assumptions about people you don't fucking know. If I was on here bitching all the time that would be one thing. You are nothing more than a judgmental asshole who thinks everyone around him is an idiot while you are the only one with a clue or a plan or that your shit don't stink.

Aren't you the one who doesn't believe in owning firearms? And you got the balls to tell ME what those before us have been willing to sacrifice for the greater good. I AM armed and I am not afraid to say when the time comes I will gladly take a bullet or die defending what I believe in. I guess my number would be up quick if they try to take those away.

And show we WHERE I demanded others to do something about it, shit stain. I don't care what other people do or don't do. I mind MY business instead of the business of everyone else. Maybe you should do the same.

I have already made sacrifices? Have you? You served your country, your state, your city? Anybody other than yourself?

Fuck off you self-righteous know it all prick. Welcome to my number 2 spot on my ignore list.

[Darkland]

Originally Posted by GatorB

Um the asshole that helped cause this mess is GONE. so yeah I'm happy. If Obama wasn't in office McCain would be and things would be worse. So yeah I'm giving the Obama a chance. If things aren't better in 4 years then perhaps I'll vote for someone else. People are too impatient today.

And if you weren't too quick to jump to assumptions, you would see most of what I said WAS on bush's watch. Where did I say ANYTHING about or against Obama? Dude has only been in office 40 some days, he hasn't had a chance to do much of anything.

Just because you want to jump to his defense, don't but words and thoughts to my posts that aren't there. I am probably just as glad as you that Bush is gone, even though I didn't vote for Obama.

[GatorB]

Originally Posted by Darkland

And I know people like you. Make assumptions about people you don't fucking know. If I was on here bitching all the time that would be one thing. You are nothing more than a judgmental asshole who thinks everyone around him is an idiot while you are the only one with a clue or a plan or that your shit don't stink.

and.......?

Aren't you the one who doesn't believe in owning firearms?

Nope and I don't. I don't need one to kill another human if I wanted. At least I'd have the balls to do it with my owns hands. it's much more personall and satisfying when your right there using your bare hands slowly snuffing the life out of somone. You can almost feel the life force lifting out of their body. Quite beautiful. Unlike being a pussy with a gun shooting from a distance like a coward so you can distance yourself from what you did.

And show we WHERE I demanded others to do something about it, shit stain. I don't care what other people do or don't do. I mind MY business instead of the business of everyone else. Maybe you should do the same.

The more we allow the government to keep cranking out money from the FED the worse things are going to get. I don't understand why people don't get that.

Forget about rising taxes, we have allowed our Government to straddle us with an 1.6 trillion dollar debt to heap on top of our taxes, seems we might allow them to nationalize the banks (when centralizing them under the FED was bad enough), allowed them to buy controlling interest in these large lending institutions (WHILE WE PICK UP THE DEBT), allowed them to create a chokehold on our civil liberties and freedoms in the Patriot Act, allowed them to keep us under an umbrella of terrorism brought to you by the media, and now we might stand here and watch our money at risk with no protection from the FDIC.

When is enough enough?

With the way people are these day, I can guarantee when it is to damn late to do anything about it.

You say "WE" alot in that post. WE ALLOW, WE ALLOW. So specifically what do WE do to NOT allow this stuff from happening?

I have already made sacrifices? Have you? You served your country, your state, your city? Anybody other than yourself?

You said you have a plan to stop Obama so no you haven't done shit yet.

Fuck off you self-righteous know it all prick. Welcome to my number 2 spot on my ignore list.

Only #2. What's a guy got to do to be #1?

[GatorB]

Originally Posted by Darkland

And if you weren't too quick to jump to assumptions, you would see most of what I said WAS on bush's watch. Where did I say ANYTHING about or against Obama? Dude has only been in office 40 some days, he hasn't had a chance to do much of anything.

Just because you want to jump to his defense, don't but words and thoughts to my posts that aren't there. I am probably just as glad as you that Bush is gone, even though I didn't vote for Obama.

I thought I was on your ignore list?

[Darkland]

Originally Posted by GatorB

Nope and I don't. I don't need one to kill another human if I wanted. At least I'd have the balls to do it with my owns hands. it's much more personall and satisfying when your right there using your bare hands slowly snuffing the life out of somone. You can almost feel the life force lifting out of their body. Quite beautiful. Unlike being a pussy with a gun shooting from a distance like a coward so you can distance yourself from what you did.

So you are saying that all the people you mention here are cowards? Because they used their firearms? You going to smother a group or a platoon?

Originally Posted by GatorB

The southern states seceded from the rest of the US and lost many people because they didn't agree with the government. Our founding fathers and thousands of their fellow countrymen risked and lost their lives breaking away from the British government. They stood up for what they believed in. YOU and others like you only bitch and don't have the courage to take one for the team.

Originally Posted by GatorB

You said you have a plan to stop Obama so no you haven't done shit yet.

Again... Where did I say ANYTHING about Obama? Let alone planning to "stop" him.

You really ARE an idiot. LOL. I will refrain from hitting the ignore button just a bit longer to see if you say anything else funny. You're almost as laughable as Splum.

[Splum]

Originally Posted by Darkland

You're almost as laughable as Splum.

How dare you compare me to him, I am a MUCH bigger asshole!