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17. Can't Congress change that in an "emergency"? nm

Thu Dec 31, 2015, 11:55 AM

Dec 2015

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20 replies

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Bail-Ins Begin: a Crisis Worse than ISIS? by Ellen Brown [View all] Ferd Berfel Dec 2015 OP

Banks may be safer than the stock market safeinOhio Dec 2015 #1

But FDIC only covers up to a limit. $100K I recall. leveymg Dec 2015 #3

Then I'm covered safeinOhio Dec 2015 #4

I'm so reassured. leveymg Dec 2015 #5

Nope. Nye Bevan Dec 2015 #8

until it goes broke. hollysmom Dec 2015 #9

It's backed by the full faith and credit of the US government. Nye Bevan Dec 2015 #10

knowing the current congress as I am sure you do hollysmom Dec 2015 #11

This is already in place, and does not require any new votes. Nye Bevan Dec 2015 #13

Can't Congress change that in an "emergency"? nm rhett o rick Dec 2015 #17

Yep, $250k per depositor. And a married couple can protect even more. Nye Bevan Dec 2015 #7

Originally it was temporary but they made it permanent. Nye Bevan Dec 2015 #14

The problem with banks jamzrockz Dec 2015 #15

True that, but safeinOhio Dec 2015 #20

This is the sort of stupid stuff that leads to runs on banks leveymg Dec 2015 #2

What pansypoo53219 said Ferd Berfel Dec 2015 #18