Man, I knew things were bad ….. but this is pathetic. Get a $100, for a $100 deposit. Are their reserves THAT short for such insane marketing pamphlets. How far are we from a good old fashion run on the bank? I hope the FDIC has their propganda machine oiled for the coming weeks.
One has [...]
Posted on February 21st, 2009 by rromanchuk
Filed under: Legitimized Coercion | 1 Comment »
Today a report suggested that
“Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.”
And? Is this supposed to be a surprise?
Deposit “insurance”
But in all seriousness….. As John Mauldin says, we will be just fine, we [...]
Posted on August 27th, 2008 by rromanchuk
Filed under: Legitimized Coercion | No Comments »
Yesterday I was browsing the news and ran into this ad.
Which led me to one of the largest government propaganda websites I have ever seen to this day. Take a wild guess how felt when I saw this advertisement they were listing on their website.
First of all, I find this a TAD bit ironic they [...]
Posted on July 2nd, 2008 by admin
Filed under: Economics, The Federal Reserve | No Comments »
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