U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-27-2008, 05:45 AM
 
Location: Backwoods of Maine
7,322 posts, read 9,077,738 times
Reputation: 20150

Advertisements

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 (http://www.statesman.com/business/content/shared/money/stories/2008/08/fdic_0824_1.html - broken link)
Rate this post positively Reply With Quote Quick reply to this message

 
Old 08-27-2008, 07:23 AM
 
67 posts, read 254,656 times
Reputation: 39
Quote:
Originally Posted by Nor'Eastah View Post
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 (http://www.statesman.com/business/content/shared/money/stories/2008/08/fdic_0824_1.html - broken link)

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.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-27-2008, 06:27 PM
 
Location: Great State of Texas
86,068 posts, read 77,096,476 times
Reputation: 27655
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.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-27-2008, 08:58 PM
 
1,566 posts, read 2,916,357 times
Reputation: 1262
read the creature from jekyll island
these clowns are robbing us all blind
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-27-2008, 09:44 PM
 
Location: Heartland Florida
9,324 posts, read 24,787,587 times
Reputation: 4969
Quote:
Originally Posted by HappyTexan View Post
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!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-28-2008, 07:07 AM
 
Location: Backwoods of Maine
7,322 posts, read 9,077,738 times
Reputation: 20150
Quote:
Originally Posted by tallrick View Post
They always have money, the printing press is going full speed!
As Alex Wallenwein would say, "Got gold?"
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top