FDIC...we don't need a bailout just FDIC insured raised! (loans, insurance)
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Why do we need the bailout to raise the amount of FDIC insurance being raised so no one will loses their money?
Reid was just saying they have to vote for the bill because small banks won't lose their customers....am i so stupid or can't they just make a bill to change that. I'm totally against this bailout!!! People will not learn anything and the same people will give out the new loans....first you have to remove the weed before you can change anything!
The FDIC thing is bundled together so the politicians can pretend that they care about the little people. It's their way of saying, "This bailout is for you, the little people. We care about you. This bailout is all about you."
Insurance can be raised but that means nothing..the FDIC doesn't have enough money in it's coffers to pay off every depositor.
They really need to raise the FDIC slush fund to a few trillion to cover everyone.
All these raises in slush funds requires printing more money. We don't have money, we are in deficit now. I see the biggest problem coming is inflation. Printing money will destroy the dollar. You can get your money from FDIC, but it won't have any value. Here's your $250,000, go have a nice lunch.
It's a catch 22. There's not enough money in FDIC to cover the current limit. But raising it might prevent runs on other banks. I'm most worried about payroll accounts. Most folks don't have $100-$250k laying around in a single bank, if at all. But a LOT of businesses have plenty more than that in their payroll accounts.
All these raises in slush funds requires printing more money. We don't have money, we are in deficit now. I see the biggest problem coming is inflation. Printing money will destroy the dollar. You can get your money from FDIC, but it won't have any value. Here's your $250,000, go have a nice lunch.
While the market was plummeting on Monday the Fed injected $318 billion into the system. Where do you think that came from ?
Did you hear about that in the MSM ?
The FDIC insurance increase is just there to attract more money into the bank.
How does it affect us?
Every fool knows that all you have to do is have multiple accounts
in multiple banks to be assured of the present insurance.
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