FDIC gets ready for more bank failures...
- added August 25, 2008
- 5 responses
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- Pericles1978
- added this
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These days, the FDIC's folks are busier with the financial equivalent of fixing burst water mains and dead power lines.
Seventy-five years after it was launched during the Great Depression, the bank regulator and insurer is facing its biggest challenge in decades. Many banks in Georgia and across the nation have been battered by the slumping economy and troubled loans to home builders, developers and homeowners.
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- Pericles1978
- 3 months ago
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The FDIC won't give projections while hiring more employees to handle growing concerns.
"We don't predict numbers of bank failures. We do realize that there will be more..., but it's something we can manage", says FDIC spokesman David Barr.
Sounds like another, "don't scare the public" thing to me. -
FDIC does more damage than it prevents, really it causes banks to take more risky loans, in order to keep up with the big boys. the real truth is that the federal reserve is all a scam, its corporate decite at its highest.
Read "The Creature from Jekyll Island" by G. Edward Griffin.
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- thejestersmiles
- 3 months ago
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I agree jestersmiles...Mr. Griffin explains the playbook that these scam artist use to manipulate the markets and take advantage of the monetary system. "The Creature From Jekyll Island" is a must read for anyone that wants to fully understand the history and present day agenda of the Federal Reserve.
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Banks have been making bad loans because they have not been regulated.
All Republicans and some Democrats have embraced deregulation for several decades now. Deregulation is one of the single largest causes of corporate America's ability to take over the U.S. government.
Just like a republican to blame somebody else for their failed policies.
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Yeah the republicrats scammed us. Corporate America is evil. The Federal Reserve is a scam. Yeah, yeah, yeah, But have you ever wondered, who they really work for and what's their mission statement.
