News: FDIC Gearing Up For More Bank Failures (borrow, money, paying)

[Nor'Eastah]

The FDIC is expecting hundreds of bank failures nationally over the next few years. They have hired new employees and brought more out of retirement. BTW, their funds are now down to $38b from $53b.

FDIC gets ready for bank failures

[islandFever]

Originally Posted by Nor'Eastah

The FDIC is expecting hundreds of bank failures nationally over the next few years. They have hired new employees and brought more out of retirement. BTW, their funds are now down to $38b from $53b.

FDIC gets ready for bank failures

I opened a Washington Mutual CD yesterday paying 5% for 13-months. (Pretty good these days for just 1 year.) Yes, I knew the bank is in bad shape. Yes, I knew the FDIC is in bad shape, as well. -But I couldn't help myself.

If the bank fails and if the FDIC can't meet its obligations, I promise to take my medicine like a man.

[HappyTexan]

Don't worry..the FDIC made arrangements with the Fed to borrow money.

So the guy who does the bailouts is lined up for a bailout himself

FDIC may borrow money from Treasury: report - Yahoo! News (broken link)

What happens when the Fed has no more money..who bails out the bank of last resort ?
We all know these bailouts can't go on indefinitely.

[bxlefty23]

read the creature from jekyll island
these clowns are robbing us all blind

[tallrick]

Originally Posted by HappyTexan

Don't worry..the FDIC made arrangements with the Fed to borrow money.

So the guy who does the bailouts is lined up for a bailout himself

FDIC may borrow money from Treasury: report - Yahoo! News (broken link)

What happens when the Fed has no more money..who bails out the bank of last resort ?
We all know these bailouts can't go on indefinitely.

They always have money, the printing press is going full speed!

[Nor'Eastah]

Originally Posted by tallrick

They always have money, the printing press is going full speed!

As Alex Wallenwein would say, "Got gold?"