Bill Seeks $500 Billion for FDIC Fund

Wall Street Journal ^ | 3/5/9 | DAMIAN PALETTA

[bimboeruption]

The corrupt elite are enslaving not only us and our children, but our grandchildren as well.

[GeronL]

hey, lets borrow money from Treasury that does not exist and throw it into that big black hole over there. One of these trillions we might actually fill it up!

/sarc

[GOPJ]

OK, so I should move my money to a safer bank?

[bill1952]

THe downward spiral...

[KarlInOhio]

Just ask the Fed which ones got bailout money and which are safe. Ooops, that information is way beyond you and Congress's pay grade.

[bimboeruption]

OK, so I should move my money to a safer bank?

Soon, the safest bank around is going to be your mattress.

[oldbill]

Why bother?

My deposits will be worth 10 cents on the dollar with the coming inflation.

[elkfersupper]

The more I read, the more I understand that our "representatives" are too stupid, or playing too stupid to understand "0's" and decimal places.

It is to laugh.

[surfer]

Is Dodd getting another refi or something? Is that why they need the additional monies?

[Rutles4Ever]

It would be easier for the gov’t to just declare that it will guarantee ALL deposits and be done with it. Doing so would at least prevent a panic.

[GoCards]

I know this is hysterics but Im nervous. Im ready to move, where???? We, the common mind folks, need to go to a state (possibly annex) and change and/or forward the politics that will at least save us. Am I crazy???

[elkfersupper]

Im ready to move, where????

China has no capital gains taxes and Estonia has a 13% flat income tax.

Both those countries have shortcomings, but they are a lot better in those regards than ours is.

[eyedigress]

It doesn’t help. I’m in a “safe” bank and they are forced by the FDIC to take over the assets of insolvent banks after the FDIC has paid the bad balance. Soon the assets left will default and start corrupting the “safe” bank.

[bimboeruption]

I know this is hysterics but Im nervous. Im ready to move, where???? We, the common mind folks, need to go to a state (possibly annex) and change and/or forward the politics that will at least save us. Am I crazy???

If you're crazy...I'm crazy because I feel the same way.

A civil war looms.

[Rembrandt]

Senator “I got a cheap loan” Dodd says the solution to the FDIC’s lousy management practices is to give them a 1700% increase in their line of credit?!

Why does this cretin keep getting re-elected? Who are the idiots who continue to return this moron to his self-assigned role of destroying our country’s financial system?

[bimboeruption]

Dodd is directly responsible.in my opinion, for the entire collapse because of his promotion of crap loans to people who could never pay.

The man who couldn't say NO to a bad loan.

[frogjerk]

I think there is a real whisper revolution brewing...you can feel it. Many conversations, like the one you were having, are happening @ kitchen tables across America.

[Errant]

" to temporarily borrow as much as $500 billion from the Treasury Department."

One has to ask why now and why so much? Why not just wait for the additional charges to supplement the current balance or do they know something we don't?

[bimboeruption]

Why does this cretin keep getting re-elected? Who are the idiots who continue to return this moron to his self-assigned role of destroying our country’s financial system?

Here's something from Wikipedia that will make you throw up a little in your mouth:

"Currently Dodd is the longest-serving Senator in Connecticut's history, the 10th most senior of current Senators and one of three from the 1980 freshman class who are still serving (the others are Republicans Arlen Specter and Chuck Grassley)."

He and rino Arlen go waaaaaay back.