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Safe As Houses

Jul 25th, 2008 at 7:49 am by Susie

You know, I’m beginning to wonder if the FDIC actually has the funds to pay depositors if there’s a wave of bank failures.

Posted in Corporate Statism, Politics As Usual, Recession Depression, Republicans Are Good With Money

5 Responses to “Safe As Houses”

on 25 Jul 2008 at 9:14 am1sparrow

Never fear. The government owns the printing presses.
on 25 Jul 2008 at 10:00 am2Stormcrow

If the wave is big enough?

No.
on 25 Jul 2008 at 12:29 pm3Michael Bloom

FDIC is structured as an insurance program, with the banks assessed annual premiums. I vaguely recall that the rates went up after the Savings and Loan failures, but not as much as actuaries thought they should.
on 25 Jul 2008 at 3:13 pm4Izquierdo

Of course they don’t.
But, never fear, the government (Regardless of party) will bail them out with minimum consequences to them.
on 26 Jul 2008 at 11:57 am5Mold

No. It never was designed to. The theory was that banks were mostly sound and only a few bad apples needed to be pruned.

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