Economy

dixiegrrrrl

(60,010 posts)

7. The FDIC depends on banks to pay premiums into the FDIC, which they have not been doing.

Wed Dec 30, 2015, 12:01 PM

Dec 2015

Plus, when the FDIC pay creditors, it pays them in different ways.
Small depositors are NOT at the top of that list.

When FDIC does pay, it can be years down the road.
If they do not run out of money first.
Which they will, since the FED gave the big banks permission to put all their derivative bets under FDIC protection.

One of the several reasons I only keep enough money in teh bank that I can afford to lose.
Me and a million more other folks.

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Highlight:

The Bank Bail-In Swindle Begins [View all] marmar Dec 2015 OP

Doesn't the FDIC keep this from happening here? At least up to annabanana Dec 2015 #1

Would that apply if they converted it to stock? SusanCalvin Dec 2015 #2

I believe the FDIC protection still applies ToxMarz Dec 2015 #6

The FDIC depends on banks to pay premiums into the FDIC, which they have not been doing. dixiegrrrrl Dec 2015 #7

It's been a long time since Punx Dec 2015 #8

Would that be the Dodd-Frank bill that Hillary feels is adequate to protect ... Scuba Dec 2015 #3

Americans are silly tazkcmo Dec 2015 #4

I have to agree with you on that Victor_c3 Dec 2015 #11

Why don't we just say the truth. Baitball Blogger Dec 2015 #5

Well said! mountain grammy Dec 2015 #9

+1000 JDPriestly Dec 2015 #13

Wouldn't your money be safer in a credit union then? Victor_c3 Dec 2015 #10

They should "cut it out" Doctor_J Dec 2015 #12