Father-in-laws bank failed this weekend!

[ghengis86]

so the FDIC took over the bank of a few family members this past Friday.
http://www.fdic.gov/bank/individual/.../banklist.html
That's 16 so far for the first two months of 2009. There were 25 in 2008; 3 in 2007; 0 for 2006 and 2005.

how much is left in the FDIC's fund? and does it really matter when it is backed by the full faith and credit of our printing presses?

[Josh_LA]

so the FDIC took over the bank of a few family members this past Friday.
http://www.fdic.gov/bank/individual/.../banklist.html
That's 16 so far for the first two months of 2009. There were 25 in 2008; 3 in 2007; 0 for 2006 and 2005.

how much is left in the FDIC's fund? and does it really matter when it is backed by the full faith and credit of our printing presses?

doesn't matter, what matters is, if the process takes time to recover money, some people can't afford to be without money.

[Thrashertm]

so the FDIC took over the bank of a few family members this past Friday.
http://www.fdic.gov/bank/individual/.../banklist.html
That's 16 so far for the first two months of 2009. There were 25 in 2008; 3 in 2007; 0 for 2006 and 2005.

how much is left in the FDIC's fund? and does it really matter when it is backed by the full faith and credit of our printing presses?

It really doesn't matter how much is left in the FDIC's fund. You know as well as I that if they ever deplete the imaginary funds, Congress will be only too happy to transfer some more fake money their way.

[mt4rp]

"It really doesn't matter how much is left in the FDIC's fund. You know as well as I that if they ever deplete the imaginary funds, Congress will be only too happy to transfer some more fake money their way."

As they did in the early 90's
http://www.chicagofed.org/publicatio...8/ep2Q98_1.pdf