E.T. Explorer

Will the PPIP Bankrupt the FDIC?

This financial madness is like the storybook tale of "Alice in Wanderland". Banks hold depositors and debtors accounts which involves "Withdrawals, Deposits and Balances". One can't get a penny from a bank if you have no balance in your account and if you want a loan you better have some impressive collateral to cover it in case you can't pay it back. The question that begs to be asked and answered is, "how in the world can all of a sudden all the world banks suddenly are going broke?" I have heard of "April's Fool jokes, but this has gone too far to keep reading about any longer.

Is there any wise old owl that can spill the beans on this preposterous gag of the century?

Will the PPIP Bankrupt the FDIC?

This financial madness is like the storybook tale of "Alice in Wanderland". Banks hold depositors and debtors accounts which involves "Withdrawals, Deposits and Balances". One can't get a penny from a bank if you have no balance in your account and if you want a loan you better have some impressive collateral to cover it in case you can't pay it back.The question that begs to be asked and answered is, "howin the world can all of a sudden all the world banks suddenly are going broke?" I have heard of "April's Fool jokes, but this has gone too far to keep reading about any further.

Is there any wise old owl that can spill the beans on this preposterousgag of the century?