US Economy
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Rob Graham wrote:
That's correct, and retirement accounts (IRA's and Roths) up to $250K, so there is little excuse for anyone to lose money in any bank collapse.
How much time can the FDIC take to pay off the money? And does it have to pay it all at once? I've heard disturbing answers to these questions, but I haven't confirmed their validity.
Christianity: The belief that some cosmic Jewish zombie can make you live forever if you symbolically eat his flesh, drink his blood, and accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree. Makes perfect sense.
Al Beback wrote:
How much time can the FDIC take to pay off the money?
The FDIC is "paying it off" right now. Anyone who walks into Indy can withdraw their account up to 100,000 (etc. for other cited cases).
Jon Smith & Wesson: The original point and click interface
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DownUnderDev wrote:
"Amero"
Funny how the american fear the European governments erecting a system modelled after the federal US system... ...and how the European people fear erecting a system modelled after the federal US system.
Let's think the unthinkable, let's do the undoable, let's prepare to grapple with the ineffable itself, and see if we may not eff it after all.
Douglas Adams, "Dirk Gently's Holistic Detective Agency"jhwurmbach wrote:
Funny how the american fear the European governments erecting a system modelled after the federal US system
Actually we see the EU as the closest Europe has come to fulfilling Napolean's dream - except for Hitler, of course.
Jon Smith & Wesson: The original point and click interface
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DownUnderDev wrote:
i mean come on how can u take "Freddie Mac","Fannie Mae" & "IndyMac" seriously???
Did you forget the joke icon, or are you really so ignorant that you don't know those are just nicknames in common use by the media? "IndyMac": Independent National Mortgage Corporation. "Freddie Mac": Federal Home Loan Mortgage Corporation. "Fannie Mae": Federal National Mortgage Association
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jhwurmbach wrote:
Funny how the american fear the European governments erecting a system modelled after the federal US system
Actually we see the EU as the closest Europe has come to fulfilling Napolean's dream - except for Hitler, of course.
Jon Smith & Wesson: The original point and click interface
Sorry - I did remember you being British. Sorry for that! To me, the single-minded localism of most petty-politicians is a prime reason for the current stat of affairs in europe. But I agree with you that a EC with another bureaucracy on top of the existing ones is a bad thing. Something must be done to throw away several levels of bureaucracy. In this, I support the Irish vote. Our local politicians are afraid of letting us vote, as the stupid citizen could ruin all those pretty plans! Also, it is quite funny to hear those federalist statements from an Englishmen, when the first hesistant attempts with Scottish, Welsh and Irish parliaments are only a few years ago. Before that, England was an empire. An empire more rigid and backward than the French Empire (1800-1813!) ever was. Additionally, the French did do us Germans a real favor: They cleaned up the Habsburgian mess left over from the centuries before.
Let's think the unthinkable, let's do the undoable, let's prepare to grapple with the ineffable itself, and see if we may not eff it after all.
Douglas Adams, "Dirk Gently's Holistic Detective Agency" -
Rob Graham wrote:
That's correct, and retirement accounts (IRA's and Roths) up to $250K, so there is little excuse for anyone to lose money in any bank collapse.
How much time can the FDIC take to pay off the money? And does it have to pay it all at once? I've heard disturbing answers to these questions, but I haven't confirmed their validity.
Christianity: The belief that some cosmic Jewish zombie can make you live forever if you symbolically eat his flesh, drink his blood, and accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree. Makes perfect sense.
Al Beback wrote:
but I haven't confirmed their validity.
Why don't you try confirming their validity (actually lack of same) before spreading the rumors by posting questions (and innuendos - "I've heard disturbing answers" ) like that?
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Al Beback wrote:
but I haven't confirmed their validity.
Why don't you try confirming their validity (actually lack of same) before spreading the rumors by posting questions (and innuendos - "I've heard disturbing answers" ) like that?
Rob Graham wrote:
Why don't you try confirming their validity (actually lack of same) before spreading the rumors by posting questions (and innuendos - "I've heard disturbing answers" ) like that?
Why don't you lick me? See? It's not fun being told what to do, huh? I wasn't spreading anything (except some mustard on a burger). I was just bringing up some questions based on something someone told me. I figured you may know more about it, or perhaps be willing to dig it up. I did some digging before posting but found nothing.
Christianity: The belief that some cosmic Jewish zombie can make you live forever if you symbolically eat his flesh, drink his blood, and accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree. Makes perfect sense.
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Al Beback wrote:
How much time can the FDIC take to pay off the money?
The FDIC is "paying it off" right now. Anyone who walks into Indy can withdraw their account up to 100,000 (etc. for other cited cases).
Jon Smith & Wesson: The original point and click interface
Oakman wrote:
The FDIC is "paying it off" right now.
Good to know, thanks. If I recall correctly, a Wachovia bank officer told us that the FDIC can take as much as 15 years to pay, and do it in small payments if it wants. Google hasn't helped me confirm this though.
Christianity: The belief that some cosmic Jewish zombie can make you live forever if you symbolically eat his flesh, drink his blood, and accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree. Makes perfect sense.
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DownUnderDev wrote:
i mean come on how can u take "Freddie Mac","Fannie Mae" & "IndyMac" seriously???
Did you forget the joke icon, or are you really so ignorant that you don't know those are just nicknames in common use by the media? "IndyMac": Independent National Mortgage Corporation. "Freddie Mac": Federal Home Loan Mortgage Corporation. "Fannie Mae": Federal National Mortgage Association
yeah i actually never heard of them before so i pled ignorance, but it was a joke thread also. when you say fannie and freddie are "federal" does that mean owned by the government? because after this crash the feederal reserve bank will own a large portion of them. i am guessing you guys know that the federal reserve bank is private owned company
"Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction." -Albert Einstein
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yeah i actually never heard of them before so i pled ignorance, but it was a joke thread also. when you say fannie and freddie are "federal" does that mean owned by the government? because after this crash the feederal reserve bank will own a large portion of them. i am guessing you guys know that the federal reserve bank is private owned company
"Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction." -Albert Einstein
DownUnderDev wrote:
when you say fannie and freddie are "federal" does that mean owned by the government?
Other way around. The "Federal" Government takes its name from the banks that own it... :-\
Citizen 20.1.01
'The question is,' said Humpty Dumpty, 'which is to be master - that's all.'
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DownUnderDev wrote:
when you say fannie and freddie are "federal" does that mean owned by the government?
Other way around. The "Federal" Government takes its name from the banks that own it... :-\
Citizen 20.1.01
'The question is,' said Humpty Dumpty, 'which is to be master - that's all.'
hahaha that is so true
"Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction." -Albert Einstein