butterfly1978
New Member
- Joined
- Feb 22, 2009
- Messages
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You are right banks are secured by FDIC.... However Have you ever heard the saying you cant get blood from a turnip? In other words, if they dont have the money to insure all the banks that go belly up than what can you do?
This is actually a conversation I have had with my dad, he said the same thing, but like I just said FDIC doesn't have the money to cover all the banks. The government is printing money because we just dont have it for the bailouts. So I dont find comfort in FDIC. Thats just me....
This is actually a conversation I have had with my dad, he said the same thing, but like I just said FDIC doesn't have the money to cover all the banks. The government is printing money because we just dont have it for the bailouts. So I dont find comfort in FDIC. Thats just me....