posted on Jul, 19 2009 @ 01:20 PM
reply to post by silent thunder
Yes I figured they were worried. They had to shut down the banks and all electronic transactions for an hour to prevent a total collapse. This gave
them time to up FDIC to 250,000?
Paulson got rich off his first term in the Bush administration, as well as Bush himself.
This could easily happen again. A silent run on the banks electronically. either that of a physical run causing chaos and martial law.
I dont have faith in FDIC either. CD's and money market savings accounts arent covered by FDIC. It's a risky game. We even saw trasuries drop below
a buck last year. Unreal!
I havent seen Hank Paulson around. I think he's still in hiding.
They also have DHS on high alert blaming it on the flu pandemic. I think there is more to it. They are expecting something big to happen.
[edit on 19-7-2009 by wonderworld]