Thread: Federal bank insurance fund dwindling

Federal bank insurance fund dwindling

This is getting confusing, lets see if I am making sense here, the FDIC insures deposits, the banks are closing, folks are pulling their money out, we bail out the FDIC so they can help keep the banks from closing, and folks are pulling their money out so the FDIC needs to pay the depositors and we have to bail out the FDIC. Gee wiz I think I got it...

Oh one more thing....where did these guys get this kind of cash, me thinks mayhap the feds.

You think that's bad AIG sold annuities through its subsidiary VALIC and perhaps other subsidiaries: no insurance premiums to the government and the treasury is bailing AIG out.

Originally Posted by william the wierd

You think that's bad AIG sold annuities through its subsidiary VALIC and perhaps other subsidiaries: no insurance premiums to the government and the treasury is bailing AIG out.

This whole thing is looking like a robbery. If the trading on securities yesterday didn't stop when it did, there would be no AIG to bail out. We the sheeple are taking a beating here!

Originally Posted by michaelr

This whole thing is looking like a robbery. If the trading on securities yesterday didn't stop when it did, there would be no AIG to bail out. We the sheeple are taking a beating here!

You know that is the whole intention here. How else can the plutocracy extract this nations labor and wealth. It is all a process and you will know when the finale piece of the puzzle is in place when the government demands that we trade what currency we have left for the Amero.

Except of course the British will still have the pound sterling.