The current sign which the FDIC displays prominently in most any bank you could go to says...
"FDIC
Each Depositor Insured to at least $250,000.
Backed by the full faith and credit of the United States government
Federal Deposit Insurance Corp. www.fdic.gov"
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If you could modify or altogether rewrite this sign, what would you say? For instance, if there was an asterisk and footnote saying "Maximum aggregate protection against all accounts combined is limited to 2%.", that would at least be a step in the right direction.
What would you say?
If You Could Write a New FDIC (Insurance) Sign for Banks
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If You Could Write a New FDIC (Insurance) Sign for Banks
by Recyclersteve » Wed Dec 07, 2016 12:21 am
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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Re: If You Could Write a New FDIC (Insurance) Sign for Banks
by commoncents » Thu Dec 08, 2016 12:52 pm
FDIC
If one bank folds, the feds make your account good to $250,000
If many banks fold, you make them good up to $250 Trillion
If one bank folds, the feds make your account good to $250,000
If many banks fold, you make them good up to $250 Trillion
Don't make me hungry - you wouldn't like me when I'm hungry !
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Re: If You Could Write a New FDIC (Insurance) Sign for Banks
by coppernickel » Fri Dec 09, 2016 5:08 pm
commoncents wrote:FDIC
If one bank folds, the feds make your account good to $250,000
If many banks fold, you make them good up to $250 Trillion
That is snort your Coke funny!
Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended.
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coppernickel - 1000+ Penny Miser Member
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Re: If You Could Write a New FDIC (Insurance) Sign for Banks
by johnbrickner » Sat Dec 10, 2016 12:07 am
New FDIC sign put up or in front of a bank?
"If this bank goes under, we'll hang the *astards".
"If this bank goes under, we'll hang the *astards".
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