To: Vermont Lt
When a bank goes belly up, the ONLY thing protecting you is FDIC insurance. FDIC is kaput last I heard.
8 posted on
11/16/2014 7:40:31 PM PST by
Harmless Teddy Bear
(Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
To: Harmless Teddy Bear
Do you have a reference for that statemment?
14 posted on
11/16/2014 7:46:07 PM PST by
expat2
To: Harmless Teddy Bear
“FDIC is kaput last I heard. “
—
And where did you hear that?
.
17 posted on
11/16/2014 7:47:29 PM PST by
Mears
To: Harmless Teddy Bear
FDIC nis a freaking joke!
To: Harmless Teddy Bear; Vermont Lt
Last time I read anything current on the FDIC, there was something on the order of $8 billion to cover deposits of gargantuan amounts in comparison. IOW, they’d be broke in minutes. The FDIC is a sham.
Basically what will happen is the feds will have to crank up the printing presses to such a degree that when you get your money, it will be worthless anyway.
30 posted on
11/16/2014 8:17:15 PM PST by
ChildOfThe60s
((If you can remember the 60s.....you weren't really there)
To: Harmless Teddy Bear
You shouldn’t listen to idiots.
89 posted on
11/17/2014 5:19:23 PM PST by
PAR35
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