OT: RIP – La Jolla Bank

[desmond]

“Right now the money comes from insurance premiums (or indirectly from bank consumers”

And do you think this money is held in a “lock box” (a separate account) just waiting to be used when another bank bailout is needed? Just like the SS Trust Fund.

[cabal]

This bailout tracker from MONEY is valid as of 11/2009 and says we’ve spent about 3T out of 11T committed.

Can someone link, I can’t due to spam filter…
//money.cnn.com/news/storysupplement/economy/bailouttracker/index.html

Looks like everyone is feeding well off the trough except Joe Citizen, especially Joe Underwater Citizen. Total FDIC bailout for 2008/2009 is a respectable 45T, but pocket change compared to say the GSE bailouts.

[cabal]

This bailout tracker from MONEY is valid as of 11/2009 and says we’ve spent about 3T out of 11T committed.

Can someone link, I can’t due to spam filter…
//money.cnn.com/news/storysupplement/economy/bailouttracker/index.html

Looks like everyone is feeding well off the trough except Joe Citizen, especially Joe Underwater Citizen. Total FDIC bailout for 2008/2009 is a respectable 45T, but pocket change compared to say the GSE bailouts.

[cabal]

This bailout tracker from MONEY is valid as of 11/2009 and says we’ve spent about 3T out of 11T committed.

Can someone link, I can’t due to spam filter…
//money.cnn.com/news/storysupplement/economy/bailouttracker/index.html

Looks like everyone is feeding well off the trough except Joe Citizen, especially Joe Underwater Citizen. Total FDIC bailout for 2008/2009 is a respectable 45T, but pocket change compared to say the GSE bailouts.

[cabal]

This bailout tracker from MONEY is valid as of 11/2009 and says we’ve spent about 3T out of 11T committed.

Can someone link, I can’t due to spam filter…
//money.cnn.com/news/storysupplement/economy/bailouttracker/index.html

Looks like everyone is feeding well off the trough except Joe Citizen, especially Joe Underwater Citizen. Total FDIC bailout for 2008/2009 is a respectable 45T, but pocket change compared to say the GSE bailouts.

[cabal]

This bailout tracker from MONEY is valid as of 11/2009 and says we’ve spent about 3T out of 11T committed.

Can someone link, I can’t due to spam filter…
//money.cnn.com/news/storysupplement/economy/bailouttracker/index.html

Looks like everyone is feeding well off the trough except Joe Citizen, especially Joe Underwater Citizen. Total FDIC bailout for 2008/2009 is a respectable 45T, but pocket change compared to say the GSE bailouts.

[davelj]

[quote=desmond]”Right now the money comes from insurance premiums (or indirectly from bank consumers”

And do you think this money is held in a “lock box” (a separate account) just waiting to be used when another bank bailout is needed? Just like the SS Trust Fund.[/quote]

In electronic format, the FDIC Insurance Fund is a separate account. Just like your bank account. Although the money in your bank account is lent out each day to borrowers. Are you afraid that someone’s going to steal the money that’s in the FDIC Insurance Fund?

[davelj]

[quote=desmond]”Right now the money comes from insurance premiums (or indirectly from bank consumers”

And do you think this money is held in a “lock box” (a separate account) just waiting to be used when another bank bailout is needed? Just like the SS Trust Fund.[/quote]

In electronic format, the FDIC Insurance Fund is a separate account. Just like your bank account. Although the money in your bank account is lent out each day to borrowers. Are you afraid that someone’s going to steal the money that’s in the FDIC Insurance Fund?

[davelj]

[quote=desmond]”Right now the money comes from insurance premiums (or indirectly from bank consumers”

And do you think this money is held in a “lock box” (a separate account) just waiting to be used when another bank bailout is needed? Just like the SS Trust Fund.[/quote]

In electronic format, the FDIC Insurance Fund is a separate account. Just like your bank account. Although the money in your bank account is lent out each day to borrowers. Are you afraid that someone’s going to steal the money that’s in the FDIC Insurance Fund?

[davelj]

[quote=desmond]”Right now the money comes from insurance premiums (or indirectly from bank consumers”

And do you think this money is held in a “lock box” (a separate account) just waiting to be used when another bank bailout is needed? Just like the SS Trust Fund.[/quote]

In electronic format, the FDIC Insurance Fund is a separate account. Just like your bank account. Although the money in your bank account is lent out each day to borrowers. Are you afraid that someone’s going to steal the money that’s in the FDIC Insurance Fund?

[davelj]

[quote=desmond]”Right now the money comes from insurance premiums (or indirectly from bank consumers”

And do you think this money is held in a “lock box” (a separate account) just waiting to be used when another bank bailout is needed? Just like the SS Trust Fund.[/quote]

In electronic format, the FDIC Insurance Fund is a separate account. Just like your bank account. Although the money in your bank account is lent out each day to borrowers. Are you afraid that someone’s going to steal the money that’s in the FDIC Insurance Fund?

[Author]

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