Latest FDIC “we aren’t broke” scheme

[4plexowner]

FDIC Discloses Deposit Insurance Fund Is Now Negative
http://www.zerohedge.com/article/fdic-discloses-deposit-insurance-fund-now-negative

“Pursuant to these requirements, staff estimates that both the Fund balance and the reserve ratio as of September 30, 2009, will be negative”

[4plexowner]

“Do you want to double down as a taxpayer by having the FDIC borrow from the Treasury?”

nope – I want the whole stinking, fraudulent mess to collapse so we can get on with our lives

“When you find yourself in a hole, stop digging” – Will Rogers

how deep should we dig the bank / FDIC bailout hole?

[4plexowner]

“Do you want to double down as a taxpayer by having the FDIC borrow from the Treasury?”

nope – I want the whole stinking, fraudulent mess to collapse so we can get on with our lives

“When you find yourself in a hole, stop digging” – Will Rogers

how deep should we dig the bank / FDIC bailout hole?

[4plexowner]

“Do you want to double down as a taxpayer by having the FDIC borrow from the Treasury?”

nope – I want the whole stinking, fraudulent mess to collapse so we can get on with our lives

“When you find yourself in a hole, stop digging” – Will Rogers

how deep should we dig the bank / FDIC bailout hole?

[4plexowner]

“Do you want to double down as a taxpayer by having the FDIC borrow from the Treasury?”

nope – I want the whole stinking, fraudulent mess to collapse so we can get on with our lives

“When you find yourself in a hole, stop digging” – Will Rogers

how deep should we dig the bank / FDIC bailout hole?

[4plexowner]

“Do you want to double down as a taxpayer by having the FDIC borrow from the Treasury?”

nope – I want the whole stinking, fraudulent mess to collapse so we can get on with our lives

“When you find yourself in a hole, stop digging” – Will Rogers

how deep should we dig the bank / FDIC bailout hole?

[davelj]

[quote=4plexowner]”Do you want to double down as a taxpayer by having the FDIC borrow from the Treasury?”

nope – I want the whole stinking, fraudulent mess to collapse so we can get on with our lives

“When you find yourself in a hole, stop digging” – Will Rogers

how deep should we dig the bank / FDIC bailout hole?[/quote]

So, let me get this straight. You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)? I just want to make sure I’m understanding you.

[davelj]

[quote=4plexowner]”Do you want to double down as a taxpayer by having the FDIC borrow from the Treasury?”

nope – I want the whole stinking, fraudulent mess to collapse so we can get on with our lives

“When you find yourself in a hole, stop digging” – Will Rogers

how deep should we dig the bank / FDIC bailout hole?[/quote]

So, let me get this straight. You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)? I just want to make sure I’m understanding you.

[davelj]

[quote=4plexowner]”Do you want to double down as a taxpayer by having the FDIC borrow from the Treasury?”

nope – I want the whole stinking, fraudulent mess to collapse so we can get on with our lives

“When you find yourself in a hole, stop digging” – Will Rogers

how deep should we dig the bank / FDIC bailout hole?[/quote]

So, let me get this straight. You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)? I just want to make sure I’m understanding you.

[davelj]

[quote=4plexowner]”Do you want to double down as a taxpayer by having the FDIC borrow from the Treasury?”

nope – I want the whole stinking, fraudulent mess to collapse so we can get on with our lives

“When you find yourself in a hole, stop digging” – Will Rogers

how deep should we dig the bank / FDIC bailout hole?[/quote]

So, let me get this straight. You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)? I just want to make sure I’m understanding you.

[davelj]

[quote=4plexowner]”Do you want to double down as a taxpayer by having the FDIC borrow from the Treasury?”

nope – I want the whole stinking, fraudulent mess to collapse so we can get on with our lives

“When you find yourself in a hole, stop digging” – Will Rogers

how deep should we dig the bank / FDIC bailout hole?[/quote]

So, let me get this straight. You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)? I just want to make sure I’m understanding you.

[4plexowner]

Austrian economist Ludwig von Mises (1881 – 1973) said:

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

[4plexowner]

Austrian economist Ludwig von Mises (1881 – 1973) said:

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

[4plexowner]

Austrian economist Ludwig von Mises (1881 – 1973) said:

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

[4plexowner]

Austrian economist Ludwig von Mises (1881 – 1973) said:

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

[Author]

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