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  • FDIC Insurance Limits: Eating My Humble Pie [View article]
    Oh yes...

    "Of course, sooner or later the taxpayers will pay, but in the meantime Congress will “kick the can” down the street until after the election. I guess it is OK to subsidize banks because this time it isn’t the bankers of Wall Street getting the benefit, but rather the bankers of Main Street."

    Yes, my friend. Sooner or later the taxpayers will pay for everything. Or will they? Sure you wouldn't want a hedge on that bet? People are really sick of this...

    Someone tell me how FDIC protects deposits, when they don't have the assets to even protect a very small run on selected banks in our country at the current $100,00.00 limit.

    It's not humble pie, it's pie in the sky.
    Oct 02 16:43 pm |Rating: 0 0
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