fdic in trouble

Blueneck

Former Staff
Jun 2007
56,117
44,229
Ohio
Where does the FDIC get their money anyway? Is it like an allowance or something, or a fixed amount?
 
Jan 2007
454
0
[quote name='Blueneck' date='26 August 2009 - 05:45 PM' timestamp='1251326714' post='11703']

Where does the FDIC get their money anyway? Is it like an allowance or something, or a fixed amount?

[/quote]



Where does any part of the federal government get its money? Through taxes, so whatever happens here it will be kindly passed on to us one way or another.
 

Blueneck

Former Staff
Jun 2007
56,117
44,229
Ohio
[quote name='Dispondent' date='26 August 2009 - 06:49 PM' timestamp='1251326989' post='11708']

Where does any part of the federal government get its money? Through taxes, so whatever happens here it will be kindly passed on to us one way or another.

[/quote]



Yeah, but do they have a budget, where they get a certain amount every year?
 
Jan 2007
454
0
[quote name='Blueneck' date='26 August 2009 - 05:57 PM' timestamp='1251327457' post='11712']

Yeah, but do they have a budget, where they get a certain amount every year?

[/quote]



To be honest I don't know, what I do know is that it isn't supposed to be tanking.
 

anonymous

Former Staff
Jun 2008
10,578
2,873
Passing Through
[quote name='Blueneck' date='26 August 2009 - 06:57 PM' timestamp='1251327457' post='11712']

Yeah, but do they have a budget, where they get a certain amount every year?

[/quote]



They get their funds from banks paying into the insurance fund BUT hear recently they have been getting their funds from the government due to the high failure rate of banks.
 
Jan 2007
454
0
[quote name='anonnymous' date='26 August 2009 - 06:04 PM' timestamp='1251327880' post='11719']

They get their funds from banks paying into the insurance fund BUT hear recently they have been getting their funds from the government due to the high failure rate of banks.

[/quote]



Its pretty handy to have smoking monkey guy to answer all the tough econ questions, thanks man!
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
Why is it when I have threads on this it is a conspiracy theory? Maybe because I explain the bank holiday that will happen because of it?
 
Sep 2007
7,183
1,091
the state of confusion
[quote name='michaelr' date='26 August 2009 - 05:31 PM' timestamp='1251329482' post='11738']

Why is it when I have threads on this it is a conspiracy theory? Maybe because I explain the bank holiday that will happen because of it?

[/quote]

maybe its because you post things before they happen... even though you were right... they only believe when it has actually happened..



I don't know... why am I unamerican because I hate communism and socialism??
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
[quote name='wingrider' date='26 August 2009 - 04:36 PM' timestamp='1251329760' post='11747']

maybe its because you post things before they happen... even though you were right... they only believe when it has actually happened..



I don't know... why am I unamerican because I hate communism and socialism??

[/quote]

People better start listening, I am, oh gee, three or four steps ahead. On the 25th, were going to find out were in deep shit....but hey, that is a conspiracy theory, all is good.....



How dare you hate the commie way of life, and how dare us for fighting all those years and forfeiting lives against it...