Yet another Bank Failure

Discussion in 'Wall St. News' started by bond_trad3r, Jan 24, 2009.

  1. I find it interesting that deposiits above 250k have been lost, 12 million bucks. Also 300 million in "brokered deposits." it's time to get your money out of banks.
  2. talknet


    For past 2 - 3 months I have been saying to my friends that banks will NOT give guarantee for "high deposits".

    During desperate times, Banks will set a limit for Guarantees. For example-: Only $50,000 deposits are guaranteed by the central bank. All deposits above $50,000 are high-risk. If the bank shuts down. Forget your deposit above $50,000.

    I think, the printing cost of $100 bill is 10 cents. Central banks have the monopoly of printing money.

    Central banks are just increasing the "money supply" when there is no actual "sales demand".