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Full Version: Poised for another savings and loan failure?
Randi Rhodes Message Board > Main Forums > General Discussion
ChiffonBreath
OK, the banks can insure deposits now up to $250,000.00.

But lets not do the happy dance just YET.

REmember, the most recent svins and loanfalure in te 80's under REpublican leadership came about after the banks increased the insured deposit limit from $40,000.00 to $100,000.00.

Everyone breathed a sigh of relief and stopped paying attention to what the banks were doing with the money, then banks began to fail and got gobbled up by bigger banks...fees increased for banking services. Why, the banks around here have gone thru so many name changes it's hard to remember them all.

So, now they want us to keep our cash in the bank, they say, so that they can offer loans to small businesses! Well what's to prevent the bankers from investing in cockamaymie high risk investments like they did in the 80's? Sheesh, this is exactly what theBushCrimeFamily does best...cause banks to fail...privatize the profit and pass the losses onto the customers in the banks across the country.


It's deja vu all over again....back to the future.

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ChiffonBreath
Oh, yeah: and then what happens when the megalobanks that are created are just TOO BIG TO FAIL?
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