Thats right genii. The default comes when your 100k CD buys you two hot dogs and a small pepsi. Be afraid, be very afraid
Tell the average person you see that the FDIC legally has the right to NOT reimburse their 'magically insured' 100k bank deposit for 99 years and they'll stare at you blankly.
It's just great to have stock777 interjecting these pithy and sagacious comments based on the assumption that if someone posts something then it, the post, represents the first time they appreciated what they had just posted. It's the same powerful logic involved in someone, say stock777, telling you to breathe, and when you've breathed, telling you that he was the one that caused you to do it. lj
How many time are these assholes going to fool the public?? Of course they wont say they are going to fail. ie. Leh, fnm, fre all of them said they have absolutely NO problems. I remember recently a news article where FNM's ceo said they have more capital now than ever in their history. So what happened????????The banking system is not sound. If this ass Paulson says it's sound then it is not. I'm pulling my deposits out of capital one. They are next.
I guess you're talking about this: http://www.fdic.gov/consumers/consumer/news/cnspr06/leadstory.html Amazing how your info always seems to be wrong. OldTrader
What does all this have to do with FDIC and whether it pays off for amounts up to $100K? LOL. You're a complete moron. OldTrader