[21twelve]

“Did you get this folks, FDIC won’t be solvent until 2018 under the best projections.”

And what would happen in 2012 if a whole bunch of U.S. Banks went on a “Holiday”. Do you think the FDIC will cover your ATM withdrawal or auto-payed mortgage, electric, etc. bills the next day?

Well, maybe in a week.

Probably the next week.

For sure by the third week.

I mean, it wouldn’t be a whole MONTH before I could buy groceries again. Could it!?

(Note to self, pick up more canned goods tomorrow.)

[Toddsterpatriot]

And what would happen in 2012 if a whole bunch of U.S. Banks went on a “Holiday”. Do you think the FDIC will cover your ATM withdrawal or auto-payed mortgage, electric, etc. bills the next day?

I think the FDIC has a line of credit with the Treasury.