RatWatcher

Will the FDIC Be Able to Withstand 400 Bank Closures?

"Second, did the FDIC ever run out of money during the S&L crisis? No, it did not. So a comparison is kind of ridiculous in my opinion."

Please correct if I am mis-remembering, but weren't the S&L covered by an agency called FSLIC? If so, there would be no reason for the FDIC to run out of money, or be involved at all.....

Credit Card Crunch: Creating a New Generation of Subprime

'My wife has been sick for over five years and our insurance doesn't cover everything. As one small example, her medication costs me over one thousand dollars a month. I'm retired and my retirement fund has been cut in half. Now tell me, where am I to get the money every month?'

Are you planning to pay this back? Respectfully of your situation, this sounds like you are planning to default. That is not borrowing. It's stealing.

Robin Hood in Reverse: In Defense of the U.S. Taxpayer

Mr Paulson is our very own Andrew Mellon. Welcome to 1929.

I did in fact write to both my Senators and my Rep, and Mdm Speaker asking for tough negotiations on bailout terms, including judicial review and exclusion of foreign institiutions.

I appreciate this board though I am not on your level of competence.

'In God We Trust' had better pay off :)