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October 14, 2009 at 1:19 PM #469737October 14, 2009 at 1:25 PM #468914
partypup
Participant[quote=Eugene]I liked the part about FDIC being technically insolvent.
By the way, we’re also going to run out of air, so I suggest to stock up on compressed oxygen.[/quote]
Eugene: this Bud’s for you. Hope you got that compressed air handy.
“FDIC bankrupt as of 9/30/09”
“FDIC Proposes Banks Prepay Deposit Fees Through 2012
By Alison Vekshin
Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013.
The insurance fund will run a deficit as of tomorrow after 120 banks failed in the past two years, the agency said today. Half the costs from seized banks have been incurred already and prepaying the fees will raise $45 billion, the FDIC said. The agency rejected options for a second special fee or borrowing from the Treasury Department.
“What we are proposing to do is to tap the ample liquidity of the banking industry to improve our own liquidity position without borrowing from the Treasury,” FDIC Chairman Sheila Bair said at a Washington board meeting. The agency raised its five- year loss estimate by 43 percent.”
October 14, 2009 at 1:25 PM #469098Participant[quote=Eugene]I liked the part about FDIC being technically insolvent.
By the way, we’re also going to run out of air, so I suggest to stock up on compressed oxygen.[/quote]
Eugene: this Bud’s for you. Hope you got that compressed air handy.
“FDIC bankrupt as of 9/30/09”
“FDIC Proposes Banks Prepay Deposit Fees Through 2012
By Alison Vekshin
Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013.
The insurance fund will run a deficit as of tomorrow after 120 banks failed in the past two years, the agency said today. Half the costs from seized banks have been incurred already and prepaying the fees will raise $45 billion, the FDIC said. The agency rejected options for a second special fee or borrowing from the Treasury Department.
“What we are proposing to do is to tap the ample liquidity of the banking industry to improve our own liquidity position without borrowing from the Treasury,” FDIC Chairman Sheila Bair said at a Washington board meeting. The agency raised its five- year loss estimate by 43 percent.”
October 14, 2009 at 1:25 PM #469455Participant[quote=Eugene]I liked the part about FDIC being technically insolvent.
By the way, we’re also going to run out of air, so I suggest to stock up on compressed oxygen.[/quote]
Eugene: this Bud’s for you. Hope you got that compressed air handy.
“FDIC bankrupt as of 9/30/09”
“FDIC Proposes Banks Prepay Deposit Fees Through 2012
By Alison Vekshin
Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013.
The insurance fund will run a deficit as of tomorrow after 120 banks failed in the past two years, the agency said today. Half the costs from seized banks have been incurred already and prepaying the fees will raise $45 billion, the FDIC said. The agency rejected options for a second special fee or borrowing from the Treasury Department.
“What we are proposing to do is to tap the ample liquidity of the banking industry to improve our own liquidity position without borrowing from the Treasury,” FDIC Chairman Sheila Bair said at a Washington board meeting. The agency raised its five- year loss estimate by 43 percent.”
October 14, 2009 at 1:25 PM #469529Participant[quote=Eugene]I liked the part about FDIC being technically insolvent.
By the way, we’re also going to run out of air, so I suggest to stock up on compressed oxygen.[/quote]
Eugene: this Bud’s for you. Hope you got that compressed air handy.
“FDIC bankrupt as of 9/30/09”
“FDIC Proposes Banks Prepay Deposit Fees Through 2012
By Alison Vekshin
Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013.
The insurance fund will run a deficit as of tomorrow after 120 banks failed in the past two years, the agency said today. Half the costs from seized banks have been incurred already and prepaying the fees will raise $45 billion, the FDIC said. The agency rejected options for a second special fee or borrowing from the Treasury Department.
“What we are proposing to do is to tap the ample liquidity of the banking industry to improve our own liquidity position without borrowing from the Treasury,” FDIC Chairman Sheila Bair said at a Washington board meeting. The agency raised its five- year loss estimate by 43 percent.”
October 14, 2009 at 1:25 PM #469740Participant[quote=Eugene]I liked the part about FDIC being technically insolvent.
By the way, we’re also going to run out of air, so I suggest to stock up on compressed oxygen.[/quote]
Eugene: this Bud’s for you. Hope you got that compressed air handy.
“FDIC bankrupt as of 9/30/09”
“FDIC Proposes Banks Prepay Deposit Fees Through 2012
By Alison Vekshin
Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013.
The insurance fund will run a deficit as of tomorrow after 120 banks failed in the past two years, the agency said today. Half the costs from seized banks have been incurred already and prepaying the fees will raise $45 billion, the FDIC said. The agency rejected options for a second special fee or borrowing from the Treasury Department.
“What we are proposing to do is to tap the ample liquidity of the banking industry to improve our own liquidity position without borrowing from the Treasury,” FDIC Chairman Sheila Bair said at a Washington board meeting. The agency raised its five- year loss estimate by 43 percent.”
October 14, 2009 at 1:26 PM #468919Participant[quote=afx114]Wow, partypup using a Huffington Post link to back up her argument. The end truly is near!!![/quote]
LOL. I knew it carried the greatest weight on this forum. Gotta know your audience 😉
October 14, 2009 at 1:26 PM #469103Participant[quote=afx114]Wow, partypup using a Huffington Post link to back up her argument. The end truly is near!!![/quote]
LOL. I knew it carried the greatest weight on this forum. Gotta know your audience 😉
October 14, 2009 at 1:26 PM #469460Participant[quote=afx114]Wow, partypup using a Huffington Post link to back up her argument. The end truly is near!!![/quote]
LOL. I knew it carried the greatest weight on this forum. Gotta know your audience 😉
October 14, 2009 at 1:26 PM #469534Participant[quote=afx114]Wow, partypup using a Huffington Post link to back up her argument. The end truly is near!!![/quote]
LOL. I knew it carried the greatest weight on this forum. Gotta know your audience 😉
October 14, 2009 at 1:26 PM #469745Participant[quote=afx114]Wow, partypup using a Huffington Post link to back up her argument. The end truly is near!!![/quote]
LOL. I knew it carried the greatest weight on this forum. Gotta know your audience 😉
October 14, 2009 at 4:10 PM #468993raty4R
Participant“Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013.”
What I find disgusting is this will be listed as assets by both sides. Headlines read: ‘Banks are Healty’
China is investing billions in Afghanistan. What is the US doing?
http://worldblog.msnbc.msn.com/archive/2009/10/14/2098654.aspx
Japan and the Middle East are taking delivery of their gold from London and NY.
I’ve read the IMF or was it the World bank? is going to increase member fees
Oh and the Dow is over 10,000 and the recession is over – green shoots everywhere!
Not sure what’s going on or going to happen, but I’m glad I took 50% of my 401k last summer and bought silver and gold.Maybe the dollar losing reserve currency will be blessing. It will be cheaper to manufactor and export American goods. It will be too expensive to import goods, we’ll have to make them here. The US can let whatever the new reserve currency is pay for the United Nations and NATO and world hunger relief and all the other crap we pay for and we can remove our armies from Gemany and Japan. (Russia and China would love that) Lot’s more Americans at home, having to buy stuff – America will have to restart industrial manufacturing again! yeah!
I just notice that all the countries wanting to remove the reserve dollar status are listed in my post.October 14, 2009 at 4:10 PM #469178Participant“Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013.”
What I find disgusting is this will be listed as assets by both sides. Headlines read: ‘Banks are Healty’
China is investing billions in Afghanistan. What is the US doing?
http://worldblog.msnbc.msn.com/archive/2009/10/14/2098654.aspx
Japan and the Middle East are taking delivery of their gold from London and NY.
I’ve read the IMF or was it the World bank? is going to increase member fees
Oh and the Dow is over 10,000 and the recession is over – green shoots everywhere!
Not sure what’s going on or going to happen, but I’m glad I took 50% of my 401k last summer and bought silver and gold.Maybe the dollar losing reserve currency will be blessing. It will be cheaper to manufactor and export American goods. It will be too expensive to import goods, we’ll have to make them here. The US can let whatever the new reserve currency is pay for the United Nations and NATO and world hunger relief and all the other crap we pay for and we can remove our armies from Gemany and Japan. (Russia and China would love that) Lot’s more Americans at home, having to buy stuff – America will have to restart industrial manufacturing again! yeah!
I just notice that all the countries wanting to remove the reserve dollar status are listed in my post.October 14, 2009 at 4:10 PM #469536Participant“Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013.”
What I find disgusting is this will be listed as assets by both sides. Headlines read: ‘Banks are Healty’
China is investing billions in Afghanistan. What is the US doing?
http://worldblog.msnbc.msn.com/archive/2009/10/14/2098654.aspx
Japan and the Middle East are taking delivery of their gold from London and NY.
I’ve read the IMF or was it the World bank? is going to increase member fees
Oh and the Dow is over 10,000 and the recession is over – green shoots everywhere!
Not sure what’s going on or going to happen, but I’m glad I took 50% of my 401k last summer and bought silver and gold.Maybe the dollar losing reserve currency will be blessing. It will be cheaper to manufactor and export American goods. It will be too expensive to import goods, we’ll have to make them here. The US can let whatever the new reserve currency is pay for the United Nations and NATO and world hunger relief and all the other crap we pay for and we can remove our armies from Gemany and Japan. (Russia and China would love that) Lot’s more Americans at home, having to buy stuff – America will have to restart industrial manufacturing again! yeah!
I just notice that all the countries wanting to remove the reserve dollar status are listed in my post.October 14, 2009 at 4:10 PM #469606Participant“Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013.”
What I find disgusting is this will be listed as assets by both sides. Headlines read: ‘Banks are Healty’
China is investing billions in Afghanistan. What is the US doing?
http://worldblog.msnbc.msn.com/archive/2009/10/14/2098654.aspx
Japan and the Middle East are taking delivery of their gold from London and NY.
I’ve read the IMF or was it the World bank? is going to increase member fees
Oh and the Dow is over 10,000 and the recession is over – green shoots everywhere!
Not sure what’s going on or going to happen, but I’m glad I took 50% of my 401k last summer and bought silver and gold.Maybe the dollar losing reserve currency will be blessing. It will be cheaper to manufactor and export American goods. It will be too expensive to import goods, we’ll have to make them here. The US can let whatever the new reserve currency is pay for the United Nations and NATO and world hunger relief and all the other crap we pay for and we can remove our armies from Gemany and Japan. (Russia and China would love that) Lot’s more Americans at home, having to buy stuff – America will have to restart industrial manufacturing again! yeah!
I just notice that all the countries wanting to remove the reserve dollar status are listed in my post. -
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