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BAC to give unlimited guarantee on bank deposits
- Thread starter Fishaman
- Start date
How is BAC in a position to offer a "guarantee" on anything?
That would require the Fed to play favorites with BAC - which would seem to raise more questions than it answers.
Hail Mary pass with 1:30 to go in the 4th. Too bad they're down by 35.
Who's going to back this guarantee? Anyone other than US Gov't is useless and even they aren't anyone you can depend on anymore.
Who's going to back this guarantee? Anyone other than US Gov't is useless and even they aren't anyone you can depend on anymore.
That is hilarious. If BAC fails, they won't be able cover more than the FDIC minimum. Their capital reserves are non-existent as it is.
Kind of like the $19.99 stuff you see on television being offered with a "lifetime guarantee" while the fly-by-night operation that sells it closes up shop a month later.
BAC is on the fast track to insolvency as it is. I don't know how, or on who's authority, they would be able to offer such a "guarantee". It sounds like something the US Attorney should go after them for. Or at least the FTC.
Kind of like the $19.99 stuff you see on television being offered with a "lifetime guarantee" while the fly-by-night operation that sells it closes up shop a month later.
BAC is on the fast track to insolvency as it is. I don't know how, or on who's authority, they would be able to offer such a "guarantee". It sounds like something the US Attorney should go after them for. Or at least the FTC.