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FDIC Statistics: Read 'em and Weep
Barnhardt.biz ^ | 8/22/12 | Ann Barnhardt

Posted on 08/22/2012 1:33:08 PM PDT by Kartographer

Just following up with citations and illumination on the whole propaganda meme that is the FDIC, because, as far as I can tell, the vast majority of people think that the FDIC is a magical, omnipotent entity that has infinite resources and will magically swoop in to "take care of them" like a magic flying unicorn. This is what happens when you have a civilization filled with emotional children with exactly ZERO critical thinking skills. You have to hand it to the Communist infiltrators. That did a damn good job of brainwashing and psychologically destroying four generations of human beings.

Per the Q4 2011 FDIC Chief Financial Officer's report to the Board, published on March 30, 2012, the FDIC's Deposit Insurance Fund had a balance of $11.8 billion dollars.

(Excerpt) Read more at barnhardt.biz ...


TOPICS: Business/Economy; Government; Society
KEYWORDS: annbarnhardt; barnhardt
You would be surprised how many Freepers think of the FDIC as omnipotent njust like flying unicorns!
1 posted on 08/22/2012 1:33:11 PM PDT by Kartographer
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To: Chunga85; Lurker; Jack Hydrazine; FromLori; azhenfud; NVDave; servantoftheservant; blam; Wolfie

PING!!!!


2 posted on 08/22/2012 1:34:06 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

But...but...

The FDIC is government, how can anything go wrong?


3 posted on 08/22/2012 1:38:48 PM PDT by blam
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To: blam

Well it could be something ‘unexpected’ happens. ;-)


4 posted on 08/22/2012 1:39:53 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: blam
FDIC FNMA Freddie Mac Government Motors


5 posted on 08/22/2012 1:46:15 PM PDT by stocksthatgoup (Common sense although common knowledge is seldom common practice.)
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To: Kartographer
"Since the start of FDIC insurance on January 1, 1934, no depositor has lost a single cent of insured funds as a result of a failure."

FDIC

6 posted on 08/22/2012 1:48:04 PM PDT by moonshot925
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To: moonshot925; blam
See I told you flying unicorns are omnipotent!

"But hey! It could be worse! Back in 2009 the FDIC was completely insolvent - IN THE HOLE. So what they did was to force all of the banks to pay three years worth of premiums upfront in one year, in order to replenish the fund.:

That's how close it came in 1999, and I don't see how a fix like that would be an option in today's economy.
7 posted on 08/22/2012 1:55:22 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer
See I told you flying unicorns are omnipotent!

"But hey! It could be worse! Back in 2009 the FDIC was completely insolvent - IN THE HOLE. So what they did was to force all of the banks to pay three years worth of premiums upfront in one year, in order to replenish the fund.

That's how close it came in 1999 2009, and I don't see how a fix like that would be an option in today's economy.
8 posted on 08/22/2012 1:58:53 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

Nonsense. Feds will make good on the deposits. Otherwise, it’s an immediate worldwide collapse. A default on this guarantee would be as catastrophic as a default on sovereign debt.


9 posted on 08/22/2012 2:02:27 PM PDT by Ken H
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To: Ken H
"Nonsense. Feds will make good on the deposits."

And how? By printing more money? That will work.
10 posted on 08/22/2012 2:06:45 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Ken H
Printing more Ben Franklins...isn't the answer.
11 posted on 08/22/2012 2:10:37 PM PDT by Osage Orange ("Were we directed from Washington when to sow, and when to reap, we should soon want bread.")
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To: Kartographer
And how?

Same way they pay treasury debt.

By printing more money?

Yes.

That will work.

It will work as much (or little) for FDIC deposits as it will for treasury debt.

12 posted on 08/22/2012 2:15:18 PM PDT by Ken H
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To: Ken H

So borrow more is your answer? Yeah that will work.


13 posted on 08/22/2012 2:17:37 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer; Osage Orange
And how?

By issuing treasury securities.

14 posted on 08/22/2012 2:19:47 PM PDT by moonshot925
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To: Osage Orange
Printing more Ben Franklins...isn't the answer.

As long as the US can pay treasury debt, it will also pay its FDIC obligations.

15 posted on 08/22/2012 2:20:10 PM PDT by Ken H
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To: moonshot925

So borrow more?


16 posted on 08/22/2012 2:20:37 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

I’m simply stating an opinion that fedgov will give as much priority to making good on FDIC guarantees as it does on paying its sovereign debt. As long as it can pay treasury debt, it will also back up the FDIC.


17 posted on 08/22/2012 2:28:31 PM PDT by Ken H
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To: Ken H
Nothing stopped them from stiffing the GM creditor's.

I've very little trust in our Federal Government....

18 posted on 08/22/2012 2:31:10 PM PDT by Osage Orange ("Were we directed from Washington when to sow, and when to reap, we should soon want bread.")
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To: Kartographer
So borrow more?

That is how we paid for the Civil War, WW1, WW2 and everything else.

Interest rates are near historic lows. The government is able to borrow gigantic mountains of money for next to nothing.

19 posted on 08/22/2012 2:31:19 PM PDT by moonshot925
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To: Kartographer

On page 2 notice the change in anticipated failures for 2011 compared to 2010.

http://www.fdic.gov/about/strategic/report/2011annualreport/AR11section4.pdf


20 posted on 08/22/2012 2:31:34 PM PDT by PeterPrinciple ( (Lord, save me from some conservatives, they don't understand history any better than liberals.))
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To: Ken H

With our back up against a fiscal cliff I don’t see it. The money has to come from somewhere and pretty soon borrowing it won’t be and option.


21 posted on 08/22/2012 2:33:14 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Osage Orange
Nothing stopped them from stiffing the GM creditor's.

It's not the same magnitude. We're talking the mother of all bank runs as investors all over the world flee US banks.

I've very little trust in our Federal Government....

Then you have more than I do:) Fedgov can be trusted to act in its own interest, and a bank run of that size would be disastrous to it.

22 posted on 08/22/2012 2:39:00 PM PDT by Ken H
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To: blam

JP Morgan:
Total Assets $1.8 TTT
Total Derivatives Exposure: $78 TTT

Citibank:
Total Assets: $1.2 TTT
Total Derivatives Exposure: $56 TTT

Bank of America:
Total Assets: $1.4 TTT
Total Derivatives Exposure: $53 TTT

Top 25 commercial banks:
Total Assets: $8.3 TTT
Total Derivatives exposure: $249 TTT

If Europe crash and burns as it’s more than likely to, then the loss in derivatives will be a might blow to these banks.


23 posted on 08/22/2012 2:42:05 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer
With our back up against a fiscal cliff I don’t see it. The money has to come from somewhere and pretty soon borrowing it won’t be and option.

I agree, but such an event would not be confined to the FDIC. I just don't see a scenario where the FDIC defaults, but the dollar and treasuries are intact.

24 posted on 08/22/2012 2:42:19 PM PDT by Ken H
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To: Ken H
No one said thet they would survie as well, it's the prefect domino link.
25 posted on 08/22/2012 2:46:34 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Ken H

If you don’t have it and you can’t borrow and you have to pay it then you print it and what’s it worth then?


26 posted on 08/22/2012 2:53:12 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer
and pretty soon borrowing it won’t be and option

Why not?

27 posted on 08/22/2012 2:58:14 PM PDT by moonshot925
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To: moonshot925

Who are going to borrow from? The Fed with printed money?


28 posted on 08/22/2012 3:00:23 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Ken H
If Obama is re-elected....I don't think he'd flinch doing exactly what I've been saying....

Fact is...I think there's plenty of politicians and others...that would like nothing more than a "re-set" of everything. Of course..only if they are in charge of the "re-set".

29 posted on 08/22/2012 3:20:29 PM PDT by Osage Orange ("Were we directed from Washington when to sow, and when to reap, we should soon want bread.")
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To: Kartographer
Who are going to borrow from?

Individuals, companies, or foreign governments.

We have borrowed money since 1835.

The treasury holds debt auctions where it sells bonds, bills and notes.

Demand for US treasuries is strong right now as they are seen as a safe haven to investors.

30 posted on 08/22/2012 3:20:55 PM PDT by moonshot925
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To: moonshot925

Time to go feed the flying unicorns now.


31 posted on 08/22/2012 3:43:55 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: moonshot925

The well isn’t bottomless that is Obamathink.

Take a look here:

http://www.usdebtclock.org/


32 posted on 08/22/2012 4:38:18 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

What is your point?

As a percentage of GDP our public debt is lower than many industrial nations.

The UK, France, Germany, Italy, Spain, Canada and Japan all have a higher debt-to-GDP ratio.


33 posted on 08/22/2012 7:28:46 PM PDT by moonshot925
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To: moonshot925

Must be nice living in the land of money trees. Your answer to a problem is to borrow more money when we can’t payoff what we owe now. Keep borrowing and see where that gets us.

But I think you can’t grasp the point, you must live in the land of money trees and flying magic unicorns.


34 posted on 08/22/2012 7:42:15 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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