Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 18 March 2013 [View all]Demeter
(85,373 posts)25. POINT 7. How will America be impacted?
International banks like Bank of America and JPMorgan Chase are part of global networks. But deposits in American banks up to $250,000 are insured by the Federal Deposit Insurance Corporation. While banks pay something for their ordinary participation in this program, ultimately it is Uncle Sam meaning you and me who are on the hook when the FDIC needs backstopping. So our too-big-to-fail banks look set to profit from the federal government they love to denounce, as anxious depositors around the world move money into insured US banks.
SNEAKY WAY TO BAIL OUT US BANKS, NO?
Edit history
Please sign in to view edit histories.
58 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
DRONING ON: As drone monopoly frays, Obama seeks global rules By Tabassum Zakaria
Demeter
Mar 2013
#2
5 cities where houses are still cheap: Buyers can still find plenty of deals in distressed propertie
Demeter
Mar 2013
#4
Hypocrites: At Least 14 GOP Congress Members Who Oppose Government Borrowing Carry OWN Big Debts
Demeter
Mar 2013
#7
They are gong to need some muscle when the banksters, corporate blood suckers come after them.
kickysnana
Mar 2013
#15
Threat to the Economy Is Private Debt and Interest Owed on It, Not Government Debt By Michael Hudson
Demeter
Mar 2013
#18
Which Members of Congress are Standing Up for Economic Decency, and Which ‘Progressives’ Aren’t
Demeter
Mar 2013
#22
7 Things You Need to Know About the Shocking Cyprus Bailout Crisis That Has Everyone Freaked Out
Demeter
Mar 2013
#24
Bombshell: Senator Sherrod Brown Questions Obama Nominee on Too-Big-to-Jail Banks
Demeter
Mar 2013
#26
MEANWHILE, BACK IN AMERICA: Yet Another Bank Fined for Magnetar Deal, With Yet More Revealing Emails
Demeter
Mar 2013
#33
Sen. Brown, Vitter React to Banking Industry’s Flimsy Challenge of ‘Too Big to Fail’ Subsidy
Demeter
Mar 2013
#35
BLACK SMOKE IN ROME: NO NEW GOVT. Parliamentary gridlock: 5 Star Movement refuses to make deal
Demeter
Mar 2013
#36
Hype about 3D printing & American reindustrialization. Hope is more fun than reform
Demeter
Mar 2013
#38