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Federal Bank Insurance Fund Dwindling

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posted on Sep, 17 2008 @ 02:37 PM
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Federal Bank Insurance Fund Dwindling


news.yahoo.com

WASHINGTON - Banks are not the only ones struggling in the growing financial crisis. The fund established to insure their deposits is also feeling the pinch, and the taxpayer may be the lender of last resort.

(visit the link for the full news article)




posted on Sep, 17 2008 @ 02:37 PM
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Since the FDIC's insurance fund has slipped below the minimum target level set by Congress ,the FDIC would be forced to tap tax dollars through a Treasury Department loan, should say Washington Mutual Inc. be the next to fail.

news.yahoo.com
(visit the link for the full news article)



posted on Sep, 17 2008 @ 02:56 PM
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Let me be the first Gomer Pyle and just say "surprise! surprise! surprise!"

My FRNs are already out. Going to get food, ammo, and other provisions this week.

Wolverines!



posted on Sep, 17 2008 @ 03:41 PM
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This disgusts me. The FED NEEDS TO BE ABOLISHED!!!!!!!!!!!!!!!!!!!!! This is not fair in any sense. I think people need to quit paying taxed and pull all their money from banks. We need to take back this country. This is tyranny at its finest and most of the sheeple have no clue.



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