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To: bruinbirdman; All
if you really want to soil your shorts... check this graph showing the FDIC insurance balance fund

under $20 billion left to cover failed bank deposits.

what do you think happens when a bank fails... and there is no money left to cover the deposits of the account holders?

yup, you guessed it... a run on the banks where people will be trying to pull their money out just like in 1929

at which point, gold will skyrocket (then again, so will bread)

14 posted on 06/02/2009 12:14:06 AM PDT by sten
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To: sten
FDIC raised its rates charged to members. Wonder how much?

yitbos

15 posted on 06/02/2009 12:33:37 AM PDT by bruinbirdman ("Those who control language control minds.")
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