Open Question
Its amazing to me all the so called leading economist that say this bail out
should not be done. I'm no economist but common sense tells me this deal can be
done without the tax payer being screwed. To late now but what if Paulson had
called in leading economist both republican and democrat and nailed down what
would be best for the country as a whole and left the politicians out of the
plan especially during an election year. Bush then presents the plan they come
up with from some of the smartest economist out there for a straight up or down
vote. Then you would know exactly who to kick out of office.
Just me but what Cramer had to say about upping the FDIC insurance is a no
brain-er. You would think even the dumbest of our elected reps. would see this.
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The below should be known with regards to FDIC deposit insurance program. While
it's TRUE, that not a single person has ever lost a secured deposit in the U.S.
banking system.
What you dint hear them or anyone else saying aloud is >>>>There is (((NO set
maximum amount time or deadline))) that the FDIC has to make good on the return
of your money, if the FDIC should be rendered insolvent and overwhelmed.
They could put the return on your money on a payment schedule ( $100 bucks a
week for the rest of your life) if they choose to do so. Cramer should have
noted this in his speech about the FDIC.
steve goff
Asked by π - 37 minutes ago - 2 answers - 13 views
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A: always read the small fine print folks....remember that!
"Historically but not necessarily, insured deposits are available to customers
of a failed
bank within just a few days. Since the start of the FDIC in 1933, no depositor
has ever
lost a penny of insured deposits."
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I am also amazed at the amount of republicans who say they dont care if the
market crashes. That is everyone 401k. Businesses jobs. They have been in
washington so long they dont realise this decision effects peoples real lives.
Next to them not in some town far away from them.
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