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US Bank Run Imminent as FDIC Expanded Deposit Insurance Ends Dec 31st

 
Ohwell

User ID: 24559298
United Kingdom
09/28/2012 05:12 AM
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Re: US Bank Run Imminent as FDIC Expanded Deposit Insurance Ends Dec 31st
Dec 31st 2013 ?? hello ?? hello ??

More than a year from now !!
We need sooner doom !!

yawn
 Quoting: Anonymous Coward 19315397


Say what..?
Quote:
3. As of January 2013 the FDIC stops offering 100% coverage for all insured deposits.
That would translate to December 2012.
ankle_bite
 Quoting: GFX guy


The government does things in 99 year cycles.
Old Coot

User ID: 1699826
United States
09/28/2012 06:56 AM
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Re: US Bank Run Imminent as FDIC Expanded Deposit Insurance Ends Dec 31st
I am confused.

$250K interest-bearing accounts insured by FDIC?

$250K non-interest-bearing accounts no longer insured?

Credit Union accounts will still be insured for $250K?

This is important news. Can someone straighten me out?
Anonymous Coward
User ID: 20569884
United States
09/28/2012 07:37 AM
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Re: US Bank Run Imminent as FDIC Expanded Deposit Insurance Ends Dec 31st
Perfect timing to coincide with the Feds 100 year charter to expire in 2013.
Thread: Federal Reserve Charter

Nice find OP!
 Quoting: GFX guy


The charter does not expire next year, nor was there ever a 100 yr charter.
There used to be a 20 yr renewable charter but that is now a perpetual one.
The Governor

User ID: 24564176
United States
09/28/2012 08:23 AM
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Re: US Bank Run Imminent as FDIC Expanded Deposit Insurance Ends Dec 31st
Genuine 2012 Doom.

Nice find OP.

5 stars.
Welcome to Woodbury.

I think being a Democrat should be a felony.

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