[Ferretlover]

from this, FDIC meets again to tackle funding needs, article:

$this->bbcode_second_pass_quote('', 'A')nd, 50 institutions were closed in the third quarter for a total estimated cost to the FDIC of $14.9 billion, according to researchers at Keefe Bruyette and Woods.
"This compares to the declining Deposit Insurance Fund balance of $10.4 billion as of the second quarter of 2009," Keefe's Washington analyst Brian Gardner said in a report published Monday.

[AirlinePilot]

$this->bbcode_second_pass_quote('Cloud9', 'T')he FDIC will be backed. Otherwise, the system implodes in a bank run.

[crude_intentions]

http://albany.bizjournals.com/albany/stories/2009/09/28/daily16.html

Problem solved banks are now going to have to prepay their FDIC insurance up to 2012.

[Cloud9]

AP I understand that the whole system is insolvent. It has been insolvent for decades. Otherwise we would not be experiencing deficit spending for my entire adult life. The charade continues because the government has the unique capacity to pull unlimited amounts of money out of thin air. Very few people understand what that means. I am not even sure I understand it.

Right now we have a heated debate running between the inflationists and deflationists. I honestly don’t know which one of these arguments will prevail. My gut tells me the inflationists will win out but there are serious arguments on the other side.

My gut also tells me that the government will do anything to prevent a bank run similar to those that collapsed banks in the 1930’s. Letting the FDIC fail is not in the program.

[AirlinePilot]

Cloud,

I agree that they wont let it fail, just disagree about the money/insolvency charade. The math has become an issue and If you read Denninger at all or Shedlock you understand how this time around things are different than the charade which was going on before.

[the48thronin]

$this->bbcode_second_pass_quote('Cloud9', 'T')he FDIC will be backed. Otherwise, the system implodes in a bank run.

[Serial_Worrier]

$this->bbcode_second_pass_quote('timmac', 'T')he FDIC is broke and now the Social Security is broke, California and many other states are broke, many cites are broke and so on, Why in the Hell don't we America just file for BK and do away with all the debt and start fresh and clean, I am ready for that change, anyone else ready ???.

[Cloud9]

What do we do?

[timmac]

$this->bbcode_second_pass_quote('Serial_Worrier', '')$this->bbcode_second_pass_quote('timmac', 'T')he FDIC is broke and now the Social Security is broke, California and many other states are broke, many cites are broke and so on, Why in the Hell don't we America just file for BK and do away with all the debt and start fresh and clean, I am ready for that change, anyone else ready ???.

[DrBang]

$this->bbcode_second_pass_quote('', 'W')hat do we do?

[Quinny]

I really hope you're joking. Please don't tell me you believe what you write?
$this->bbcode_second_pass_quote('timmac', 'Y')es I am ready for just getting over this slow decline and massive debt that is enslaving us all to foreign governments,, BK is a right that we need to exercise and fix this country now,, however we need a stronger leader to help the system through the BK and be ready for war when we tell other nations to bad so sad,, as if America has not been screwed by others when we loaned them money,, also its time to get out from under the UN and stop making payments and stop sending our military to places like Japan, S Korea, Europe, etc, they need to pay for there own security..
Yes I am ready, I have pleanty of supplies, pleanty of $$, extra gas, many autos paid for and RV paid for, tools, bullets, etc, etc, lets get this BK rolling and start over Fresh and Debt Free....

[timmac]

$this->bbcode_second_pass_quote('Quinny', 'I') really hope you're joking. Please don't tell me you believe what you write?

[Quinny]

And you wonder why America is so despised by many.

[Cloud9]

Pretty sad if you despise all of us because of one of us.

[timmac]

$this->bbcode_second_pass_quote('Quinny', 'A')nd you wonder why America is so despised by many.

[timmac]

One big problem GASMON what about that very large DEBT ???.

and who is going to keep loaning more money to do 1/2 of what you have listed, its over we are to far in debt..

[JJ]

$this->bbcode_second_pass_quote('timmac', 'O')ne big problem GASMON what about that very large DEBT ???.

and who is going to keep loaning more money to do 1/2 of what you have listed, its over we are to far in debt..

[Quinny]

Did I say I that?

$this->bbcode_second_pass_quote('Cloud9', 'P')retty sad if you despise all of us because of one of us.