FDIC May Need A Bailout as More Banks Fail (As of Sept 25)

FDIC May Need A Bailout as More Banks Fail (As of Sept 25)

www.bloomberg.com

FDIC's Secret List

The FDIC knows which banks are at risk; it has a watch list with 117 institutions. The agency won't disclose their names because doing so could cause depositors to panic and pull out all of their funds.

(visit the link for the full news article)

Some of you may already know the FDIC is in deep caca...my nieve brother in law, like most others think the FDIC is immune and will be there for his accounts. As of today, I have done my bank run. As for my brother in law, I hope he heeds my warning.

More from snippet:

From 2002 to 2007, U.S. lenders made a total of $2.5 trillion in subprime mortgages, according to the newsletter Inside Mortgage Finance. ``Given the magnitude of the bad loans still on bank balance sheets, it would be miraculous for the FDIC to squeak by with losses of less than $200 billion,'' Whalen says.



www.bloomberg.com
(visit the link for the full news article)

If the FDIC even needs to be bailed out it shows how bad it is.

The beginning of the end...

The FDIC is not going to go bankrupt you silly man.
The whole country would have to be bankrupt first.
Think of the value of the Navy alone.
Trillions of dollars in assets right there.
Paranoia

reply to post by CaptainCaveMan


Wait....do you really think the government is going to sell the navy? Or is that sarcasm I detect?

The FDIC won't go bankrupt because we can print money. That will however destroy the dollar and therefore America. Then we can start selling the Navy and everything else.

Originally posted by solarstorm


As of today, I have done my bank run. As for my brother in law, I hope he heeds my warning.

I have too, but I bought prep stuff instead of withdrawing money. In a collapse those withdrawn dollars won't be worth much.