Timeline for Would you withdraw your money from your bank if you thought it was going under?
Current License: CC BY-SA 2.5
7 events
| when toggle format | what | by | license | comment | |
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| Aug 24, 2010 at 4:12 | comment | added | MrChrister | @Muro - more like faith in our government. Money can come from higher taxes, fewer programs and bonds and such. This isn't the first crisis we have faced as a nation and it isn't the last. We need voices like yours to keep us in balance though lest we become to complacent. If things don't change we are in trouble, but things are already changing. | |
| Aug 24, 2010 at 3:37 | comment | added | Muro | So the government is massively in debt and borrowing records amount of money, the FDIC is in the red, the foreclosure rates are still rising (msnbc.msn.com/id/36547572) which means the nonperforming loans at banks will continue to grow and you still have faith that the FDIC will keep you protected? Is there somewhere else the FDIC is going to get the money from? It's almost as if you are crossing your fingers and hoping for the best. | |
| Aug 23, 2010 at 17:30 | comment | added | MrChrister | Kinda what I meant. The FDIC issues and bank failures bother me, but I don't really have a better solution. I was just being flippant. | |
| Aug 23, 2010 at 16:50 | comment | added | user296 | Mmm, make sure you're not confused: "printing money" and "funding the FDIC" aren't quite the same. The Federal Reserve won't conjure up the FDIC any money directly; they'll go through the Treasury and add to the deficit, so the government borrows money, and then Fed conjures a little money to buy the bonds and keep interest rates where they want them, and the banks make loans with that money expanding it a few more times. | |
| Aug 23, 2010 at 16:25 | history | made wiki | Post Made Community Wiki by MrChrister | ||
| Aug 23, 2010 at 6:48 | history | edited | MrChrister | CC BY-SA 2.5 |
whoa
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| Aug 23, 2010 at 4:18 | history | answered | MrChrister | CC BY-SA 2.5 |