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By the way, what are all those financial advisors on the radio saying now that the FDIC is out of money? I heard a few months back then soothing everyone’s fears by saying ‘Don’t worry about your money, the FDIC is insuring you up to a new level (can’t remember the increased amount) so you will be fine.” Makes me wonder if I shouldn’t forward that url showing the FDIC in the negative.


9 posted on 10/03/2009 9:18:29 PM PDT by autumnraine (You can't fix stupid, but you can vote it out!)
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To: autumnraine
The FDIC has access to unlimited "funds" to keep the depositors safe. They have a $500 billion line of credit in place and nobody in "government" will allow banks to fail and people to lose deposits.

BUT... they may be paying you back with hysterically less valuable dollars as buying power erodes and inflation rip[s the economy to shreds. Ever wonder what a $1,000 hamburger tastes like? You may get tot opportunity to find out (The McDonalds $1,000) menu!)

24 posted on 10/05/2009 8:38:16 AM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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