IndyMac bank failures (dollar, economic, money, federal government)
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Or when you have stupid government policies like printing money left and right, tax breaks for people with mortgages, a federal government that rewards irresponsibility, which is what bailing out stupid banks and stupid debtors is.
We are facing the greatest economic crisis since the "Great Depression" - and very probably more so.
I think this too, all I see is "reacting" I remember reading about the 1907 bank failures, with many scholars pointing to a evil few who implemented it. The same could be said about the great depression. The poor and middle class suffer while the wealthy buy up everything for nothing-kinda makes you wonder??
And they still say were not in a recession, since late '06 I estimate, and if things don't turn around soon, they'll be saying recession, while it's actually a depression. Who are they trying to fool?
Now anyone with multiple accts will only be paid 50 cents on the dollar on balances exceeding FDIC insured up to 100k.
I cant believe how many people are surprised that they are not fully insured on the $100k.
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