Comments on: Desperation at the FDIC http://usawatchdog.com/desperation-at-the-fdic/ Connecting the Dots to Give You A Clear Picture of What’s Really Going On Wed, 16 May 2012 16:48:25 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Ralph http://usawatchdog.com/desperation-at-the-fdic/#comment-35172 Ralph Fri, 28 Jan 2011 22:28:39 +0000 http://usawatchdog.com/?p=573#comment-35172 Hi Greg, I think it's useful to remember that the FDIC was originally created merely as a marketing ploy to give the people the ILLUSION that placing their money in a bank was a safe thing to do by providing 'insurance' against loss. This was necessary to entice those deposits in the first place. After all, people remembered the lessons of the Great Depression that banks could and DID fail... The 'mechanics' of insuring those deposits were 'esoterica' to most all depositors and, in general, remained 'behind the curtain" and unexamined. As long as the economy perked along, there were never any problems. Today, as the $1.5 Quadrillion dollar Anti-Matter DebtStar goes Super-Nova and implodes -- suddenly we HAVE problems! And now, those 'mechanics' are being called on to perform. Uh OH! In a manner similar to the situation with mortgage-gate, where the bankers never considered that the real-estate market could fall and thus expose their fraud and malfeasance, suddenly 'mechanics' are front-and-center. Uh OH! People need to start to notice the common thread running through all things financial. The 'mechanics' are all the same. Now we hear that Social Security will be $45 Billion short this year... Uh OH! Hi Greg,

I think it’s useful to remember that the FDIC was originally created merely as a marketing ploy to give the people the ILLUSION that placing their money in a bank was a safe thing to do by providing ‘insurance’ against loss. This was necessary to entice those deposits in the first place. After all, people remembered the lessons of the Great Depression that banks could and DID fail…

The ‘mechanics’ of insuring those deposits were ‘esoterica’ to most all depositors and, in general, remained ‘behind the curtain” and unexamined. As long as the economy perked along, there were never any problems.

Today, as the $1.5 Quadrillion dollar Anti-Matter DebtStar goes Super-Nova and implodes — suddenly we HAVE problems! And now, those ‘mechanics’ are being called on to perform. Uh OH!

In a manner similar to the situation with mortgage-gate, where the bankers never considered that the real-estate market could fall and thus expose their fraud and malfeasance, suddenly ‘mechanics’ are front-and-center. Uh OH!

People need to start to notice the common thread running through all things financial. The ‘mechanics’ are all the same. Now we hear that Social Security will be $45 Billion short this year… Uh OH!

]]> By: Greg http://usawatchdog.com/desperation-at-the-fdic/#comment-190 Greg Wed, 23 Sep 2009 14:41:16 +0000 http://usawatchdog.com/?p=573#comment-190 George, You just can't make this stuff up. Thank you for your thoughtful comment. Greg George,
You just can’t make this stuff up. Thank you for your thoughtful comment.
Greg

]]> By: George http://usawatchdog.com/desperation-at-the-fdic/#comment-189 George Wed, 23 Sep 2009 14:40:23 +0000 http://usawatchdog.com/?p=573#comment-189 This FDIC plan is by far the DUMBEST thing I have ever heard. The FDIC obtaining a loan from the banks the Federal Reserve propped up with our money to keep from failing? Have things progressed so close to the tipping point the government is afraid if the FDIC taps their credit line with the US Treasury it will send America over the edge? This FDIC plan is by far the DUMBEST thing I have ever heard. The FDIC obtaining a loan from the banks the Federal Reserve propped up with our money to keep from failing? Have things progressed so close to the tipping point the government is afraid if the FDIC taps their credit line with the US Treasury it will send America over the edge?

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