FDIC Almost Broke - GoFuckYourself.com

Vendot · 09-24-2009, 09:23 AM

http://www.bloomberg.com/apps/news?p...d=aEKc7Yh8ogXw

So....... errrrr bailout time?

Klen · 09-24-2009, 09:24 AM

Same FDIC used in words "insured by FDIC" ?

Barefootsies · 09-24-2009, 09:25 AM

That is what happens when you, the government, let the banks lapse in paying their dues into the fund on a whim.

Vendot · 09-24-2009, 09:26 AM

You mean the FDIC have their own FDIC insurance?

How can it possible? They cant make a payout to themselves if theyre broke and if they do, how will they make a payout to the banks (oh with the funds they paid themselves).

_Richard_ · 09-24-2009, 09:43 AM

Quote:

Originally Posted by Vendot

You mean the FDIC have their own FDIC insurance?

How can it possible? They cant make a payout to themselves if theyre broke and if they do, how will they make a payout to the banks (oh with the funds they paid themselves).

it said that they have a 500 billion dollar line of credit with the treasury?

Agent 488 · 09-24-2009, 09:48 AM

supposedly they are going to borrow money from the same banks who the government bailed out.

what a sham ....

09-24-2009, 09:23 AM	#1
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	FDIC Almost Broke http://www.bloomberg.com/apps/news?p...d=aEKc7Yh8ogXw So....... errrrr bailout time? Last edited by Vendot; 09-24-2009 at 09:24 AM..

09-24-2009, 09:25 AM	#3
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	That is what happens when you, the government, let the banks lapse in paying their dues into the fund on a whim. __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

09-24-2009, 09:24 AM	#2
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	Same FDIC used in words "insured by FDIC" ?

09-24-2009, 09:26 AM	#4
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	You mean the FDIC have their own FDIC insurance? How can it possible? They cant make a payout to themselves if theyre broke and if they do, how will they make a payout to the banks (oh with the funds they paid themselves).

09-24-2009, 09:48 AM	#6
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	supposedly they are going to borrow money from the same banks who the government bailed out. what a sham ....