Have you made plans on how your going to survive the depression that's about to hit this nation. OR are you one of those individuals that thinks it's going to get better.... The news today is that the FDIC informed the banks it's almost broke... when people hear that, there will be a run on the banks and that will finish off wall street and the rich. Don't think it's going to happen, watch it's to late to stop it...... If you have any cash, you'd be wise to hole it away and not rely on banks or investing. My question: are you ready for the going depression
Kirch2009-03-05T15:01:25Z
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So what’s the solution? Well, the FDIC has decided to charge a one time fee to all banks to make up the difference. Needless to say, the small community banks are furious, and I don’t blame them. While many of these small banks engaged in traditional banking and have secure balance sheets, they are now being forced to subsidize the “cowboy banks” that engaged in risky leverage and lending policies. When these cowboys took risks, they were paid handsomely. When the risks blew up in their faces, everyone else needs to bail them out. What a world.