Im posting this as a parting gesture if you will...wont be around for a while..need a break
But there are some on here I am close too...so wanted to post this...as people need to WAKE UP
Here is a little known secret and they want to keep it this way.
The FDIC has up to 99 years to PAY YOU if you lose your money in a bank that fails.
Plus of course there is NO interest paid on the money you are owed....and here is more food for thought

Not to piss in anyone's pool, but FDIC's reserve goal is 1.25% of all US Bank deposits. Their total reserve is about $40 billion. Most Large Banks have about 35 times the assets of FDIC, and those are Not the largest in the country. FDIC couldn't cover the top 25 or so banks if they tried. Also, they clearly state in their literature that they can take up to 99 years to reimburse.

The FDIC receives no taxpayer funding. Instead, the FDIC charges deposit insurance premiums, which are paid by members.

Fourth Quarter 07 FDIC had 52.4 Billion dollars in reserve.
The FDIC insured 13,038 Billion dollars 4th quarter 2007

So the FDIC has less than 1/2 of 1 percent of what it insures in reserve.

So just because it is insured.....does not mean you will get paid on it...or get paid in a timely fashion. Just like having your home insured...when Katrina wiped out areas...insurance companies just folded or went to court to fight paying.
Well same thing here...only no courts...you wont get your money back if and when the banks start to fail...well not anytime soon.

So keep this in mind and learn...it is not all what it seems...take off those rose colored glasses before you go totally Blind!

Mutant is outta here
Be well

Im posting this as a parting gesture if you will...wont be around for a while..need a break
But there are some on here I am close too...so wanted to post this...as people need to WAKE UP
Here is a little known secret and they want to keep it this way.
The FDIC has up to 99 years to PAY YOU if you lose your money in a bank that fails.
Plus of course there is NO interest paid on the money you are owed....and here is more food for thought

Not to piss in anyone's pool, but FDIC's reserve goal is 1.25% of all US Bank deposits. Their total reserve is about $40 billion. Most Large Banks have about 35 times the assets of FDIC, and those are Not the largest in the country. FDIC couldn't cover the top 25 or so banks if they tried. Also, they clearly state in their literature that they can take up to 99 years to reimburse.

The FDIC receives no taxpayer funding. Instead, the FDIC charges deposit insurance premiums, which are paid by members.

Fourth Quarter 07 FDIC had 52.4 Billion dollars in reserve.
The FDIC insured 13,038 Billion dollars 4th quarter 2007

So the FDIC has less than 1/2 of 1 percent of what it insures in reserve.

So just because it is insured.....does not mean you will get paid on it...or get paid in a timely fashion. Just like having your home insured...when Katrina wiped out areas...insurance companies just folded or went to court to fight paying.
Well same thing here...only no courts...you wont get your money back if and when the banks start to fail...well not anytime soon.

So keep this in mind and learn...it is not all what it seems...take off those rose colored glasses before you go totally Blind!

Mutant is outta here
Be well

good post cm...hate to see you go bud....

fdic is a private bank owned by individuals, why whould they pay you back? they make/take money they don't give it out

Because if you can read...that is who guarantees the loans
Go to the front of a bank and read the glass.....FDIC Insured
That is who insures...makes no matter if it is private or not..that is who the Gov has insure the funds.

Yes and i believe they insure betwee90 and 100 grand only. That is why you need to spread it around. Sorry to see y go C you are one of the good guy's.