Not many people keep 250k in bank accounts anymore. I think all this money is from businesses that is in these accounts. Some of the larger businesses that make big deposits are the ones that will get hurt if the banks go belly up. Imagine you own a 500 unit apartment complex with rents averaging 800$ per month. You deposit 400k and the next day the bank goes belly up. YOu are out 150k. Thats a big hit.
Sheila Bair, In Her Own Words: "FDIC Is Broke, Taxpayers at Risk"
- Thread starter ByLoSellHi
- Start date
BE CAREFUL: YOU TO CAN END UP ON THE OBAMA WATCH LIST.
FDIC is useless now. They are insolvent like the banks. The one thing saving them, the only thing saving them is that there has yet to be a run on local banks. Regional and Local Banks.
WARNING: if you are an alarmism, Obamanation will keep an eye on you.
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The warning from the SPLC echoes the alarmism from the earlier federal report.
It warned of potential terrorism threats from those who:
Oppose abortion
Are returning veterans
Oppose same-sex marriage
Oppose restrictions on firearms
Oppose lax immigration laws
Oppose the policies of President Obama regarding immigration, citizenship, and the expansion of social programs
Oppose continuation of free trade agreements
Are suspect of foreign regimes
Fear Communist regimes
Oppose a "one world" government
Bemoan the decline of U.S. stature in the world
Are upset with loss of U.S. manufacturing jobs to China and India, and more
FDIC is useless now. They are insolvent like the banks. The one thing saving them, the only thing saving them is that there has yet to be a run on local banks. Regional and Local Banks.
WARNING: if you are an alarmism, Obamanation will keep an eye on you.
------------------------------------------------------------------------------
The warning from the SPLC echoes the alarmism from the earlier federal report.
It warned of potential terrorism threats from those who:
Oppose abortion
Are returning veterans
Oppose same-sex marriage
Oppose restrictions on firearms
Oppose lax immigration laws
Oppose the policies of President Obama regarding immigration, citizenship, and the expansion of social programs
Oppose continuation of free trade agreements
Are suspect of foreign regimes
Fear Communist regimes
Oppose a "one world" government
Bemoan the decline of U.S. stature in the world
Are upset with loss of U.S. manufacturing jobs to China and India, and more
It seems to me that an organization with an "I" in it's name where the "I" is short for "insurance" might want to think about charging a premium that actually reflects the cost of having to provide said insurance. If that premium is to high for the provided coverage, then lower the coverage until the premium is acceptable to the market.
But maybe I'm just weird that way...
But maybe I'm just weird that way...