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13Heathens (December 31, 1969 at 4:59 pm)
It's a bit more complex than that. The FDIC will sell off the bank and all of its assets. All insured funds will be paid regardless of the revenue generated by liquidation of the bank. Additional "profit" generated by the sale will then be distributed equally among those who had over 100k ($250K based on the new legislation).
batgirl791 (December 31, 1969 at 4:59 pm)
This is all about the Federal Reserve Act. Research it and tell your Representatives you want the Federal Reserve Act repealed!
He101A (December 31, 1969 at 4:59 pm)
Work camps? Reminds me of Fascism, Nazism, and Stalinist Communism. The kind of places where they make you do back breaking work, like mining, leveling mountains+hills, digging ditches for foundations for buildings, cutting trees, or any other manual work.
DawidandShoshana (December 31, 1969 at 4:59 pm)
Dont worry everything is gonna be alright.After more banks fail,and more people loose their homes,and unemployment increases.Then the government will step in and help those people in need.BY sendinging them to relocation/help facilities run by FEMA.Once there you will get (gmo)food,medical care(inoculations)and they will find you employment(work camps).Although you may have to brace yourself,to do your part,you may have to be separated from your family members for a time
DawidandShoshana (December 31, 1969 at 4:59 pm)
You must be strong.If you work hard and submit you will be reunited with your loved ones. Remember you can trust your government.They have already put the necessary infustructure in place to deal with the comming ecconomic and social difficuties facing amerika.We have all enjoyed the latest prosperity.Now its time to roll up our sleves and get to work.We can do it for Amerika
DawidandShoshana (December 31, 1969 at 4:59 pm)
Dont worry everything is gonna be alright.After more banks fail,and more people loose their homes,and unemployment increases.Then the government will step in and help those people in need.BY sendinging them to relocation/help facilities run by FEMA.Once there you will get (gmo)food,medical care(inoculations)and they will find you employment(work camps).Although you may have to brace yourself,to do your part,you may have to be separated from your family members for a time.
underaserpentsun (December 31, 1969 at 4:59 pm)
There is $6.84 Trillion in bank deposits. $2.60 Trillion of that is uninsured. Total cash on hand at banks is $273.7 Billion. If uninsured depositors start asking for cash on the barrelhead, things could get ugly real fast. The vast majority of those uninsured deposits probably are corporate accounts. Anyone with a corporate account at a distressed institution better do something about it pronto unless employees will be happy with a delayed paycheck of 50 cents on the dollar.
flatsignedbooks (December 31, 1969 at 4:59 pm)
I need a 5th job
Fyrlocc (December 31, 1969 at 4:59 pm)
1--FDIC is funded by the banks it insures, not the taxpayers: read your history
2--Because of the FDIC, depositors of this bank haven't lost their life savings
3-I didn't have money at this bank, but did at another FDIC-insured bank that failed (years ago) and I was paid dollar-for-dollar.
Those that are griping don't know what they're talking about
Creator01 (December 31, 1969 at 4:59 pm)
blame it on the fuckin greedy homeowners |
