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Flagstar Bancorp Inc. Message Board

  • mikehunt84666 mikehunt84666 Apr 21, 2009 8:58 PM Flag

    So long

    The FDIC is a fraud. Has less than 18 billion fund to cover somewhere between 5 and 10 trillion in insured deposits. All it is doing is closing small banks. There are a whole bunch of banks like this one and larger that should be closed before the damage gets worse. The Fed has ballooned the balance sheet to 3 trillion not including all the guarantees it has given out including commercial paper. The treasury, having been looted, is a further many trillion dollar disaster. This does not count the additional govt promises of medicare and social security. The U S is flat broke since even all assets in the U S would not cover this heap of promises. We have two big problems: excess govt promises and a population cesspool.

15.65-1.13(-6.73%)Oct 22 4:05 PMEDT

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