It's Friday, 6:30PM EST, not too far from 9:00PM EST Which bank is going down tonight?
Submitted by bigmikedude on Fri, 10/03/2008 - 17:29
Any guesses? Or did the great bailout save the day?
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Good Info Here
Check these sites out:
http://bankimplode.com/
http://www.bernankepanky.com/
Enjoy!
--
"Aggressive wars, income taxes, national IDs, domestic spying, torture
regimes, secret prisons, Federal Reserve manipulation -- we don't have to take
it any more." -- Ron Paul
--
"Aggressive wars, income taxes, national IDs, domestic spying, torture regimes, secret prisons, Federal Reserve manipulation -- we don't have to take it any more." -- Ron Paul
It's a fixed game at this point ....
I posted an article here from my area where a bank was aquired by another. It did not mention any intervention from the FDIC, but I did the numbers and it did not make since.
We may never see another actual "bank failure" ever.
This may be a slight overstatement, but not by much.
Case in point, check out this press release by the FDIC:
http://www.fdic.gov/news/news/press/2008/pr08088.html
Note: This is completely false. Wakovia was aquired by Wells Fargo, not CITI.
NOTE 2: COULD SOMEONE PLEASE SAVE THIS LINK TO SOME SORT OF CACHE BANK, BECAUSE I AM SURE IT WILL DISAPPEAR SOON. I DO NOT KNOW HOW TO DO IT.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
I think that more banks may feel it is ok to fail..
now that the FDIC coverage went up to 250k.
http://www.meetup.com/RP2012GrandJunctionCO
that is such crap
Imagine paying an insurance premium to insure your home for $100,000. Then the Government steps in as says "hey, do not worry, we will cover you up to $250,000, for free. Alas, only for the bankers. Any idiot to leave more than $100,000 in one bank account right now deserves to loose it.
I asked my Congressman to at least include 300,000,000 tubes of lubrcant in the Bill for US.