DEPOSIT INSURANCE Learn how deposit insurance works and whether the FDIC insures your deposits
Read “The Creature from Jekyll Island” to learn how your deposits are “insured.”
This is BS. The banks fail, and we the taxpayer “insure” the depositor.
We’ll be picking up the tab for the bad loans. Enjoy.
And then there’s this........
The Bush Financial Bust of 2008: “It’s All Downhill From Here, Folks”
By Mike Whitney
http://www.globalresearch.ca/index.php?context=va&aid=8033
and
http://www.fdic.gov/news/news/financial/2008/fil08002.html#body
The link’s dead.