Replies

To: St_Thomas_Aquinas

Cruz didn't mention that either. Up to $100k FDIC insurance.

FDIC is more broke than social security. It is a fraud designed to create the impression that deposits are safe.

2,143 posted on 11/10/2015 7:56:14 PM PST by KevinB (Barack Obama: Our first black, gay, Kenyan, Socialist, Muslim president!)

To: KevinB

But there is a provision in the statute to bail out the FDIC...

Of course that assumes that country can still borrow more money.

2,233 posted on 11/10/2015 8:01:34 PM PST by Revel

To: KevinB

FDIC is more broke than social security

I always figured they'd just print money to stop a bank panic. I guess if the crash was big enough that wouldn't work.

2,441 posted on 11/10/2015 8:18:45 PM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)

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