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FDIC $100K to $250K bribe for Bailout?

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posted on Oct, 1 2008 @ 01:14 PM
Why would it matter what amount they say now? If the system takes a dump the number could be a million dollars per depositor.

Who's going to pay the people back if everything collapses? FDIC. lol!

I am using basic logic here.

New Bailout details

Besides adding tax sweeteners to the bill, another provision is being tacked on to soothe voters worried about losing their life's savings: the federal government would increase its bank-account insurance to $250,000 per account, up from $100,000.

Please visit the link provided for the complete story.

[edit on 1-10-2008 by Realtruth]

posted on Oct, 1 2008 @ 01:22 PM
Maybe extending the upward limit of coverage protects a larger percentage of the investment class.

Remember, you, me, and the rest of the 'consumer' society are not supposed to 'save' money. We're supposed to spend down to zero then borrow what we need. Credit is more important than cash in their scheme.

They trade in credit - that's why we are suffering through this nonsense now.

Money laundering on a global - trillion dollar scale.

Where is the money? Where is the wealth? It has become so 'virtual' that they can;t even value it anymore. $700 billion was the biggest number they thought they could get away with at any one time... doesn't that in and of itself speak volumes?

posted on Oct, 6 2008 @ 10:37 PM
It is all a farce, what difference does it make anyway. Bush/Cheney have destroyed the middle class. What made this country great was the people on the ground now they are buried.

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