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Economy

snappyturtle

(14,656 posts) Mon Sep 16, 2013, 10:48 PM Sep 2013

Cross posting from video and multimedia....$$ Not Safe in Big Banks

I have pulled up the document shown in this video of the
'agreement' between the FDIC and BOE. It exists....lots
of documentation...people just don't seem to want to think,
I guess, that something like this can happen in the U.S.

4 replies

= new reply since forum marked as read

Highlight:

Cross posting from video and multimedia....$$ Not Safe in Big Banks (Original Post) snappyturtle Sep 2013 OP

a little more information would be nice... VanillaRhapsody Sep 2013 #1

Well, I gave that info months ago and it means snappyturtle Sep 2013 #2

What happens to the FDIC in this scenario... VanillaRhapsody Sep 2013 #3

Hey are you too lazy to listen to this video?...I'm going to snappyturtle Sep 2013 #4

VanillaRhapsody

(21,115 posts)

1. a little more information would be nice...

Reply to snappyturtle (Original post)

Mon Sep 16, 2013, 11:04 PM

Sep 2013

snappyturtle

(14,656 posts)

2. Well, I gave that info months ago and it means

Reply to VanillaRhapsody (Reply #1)

Mon Sep 16, 2013, 11:14 PM

Sep 2013

reading long documents that will take you longer to read
and comprehend than listening to this video....BOTTOM
LINE you as a depositor is considered an unsecured
creditor and when the banks screw up again they can
take part of your money...a sizeable part. Enough to
get you to listen?

VanillaRhapsody

(21,115 posts)

3. What happens to the FDIC in this scenario...

Reply to snappyturtle (Reply #2)

Mon Sep 16, 2013, 11:18 PM

Sep 2013

snappyturtle

(14,656 posts)

4. Hey are you too lazy to listen to this video?...I'm going to

Reply to VanillaRhapsody (Reply #3)

Mon Sep 16, 2013, 11:22 PM

Sep 2013

spend more time typing than it would take you to listen.
IT explains the FDIC responsibility....hint: there's not
enough money...the banks, surprise, are over leveraged.

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