Entry Submitted by Vee at 7:13 PM EST on November 27, 2019
Bail-ins Saves the Banks but Who Saves us?
Here are a few things you missed to take in consideration... What do you suppose the percentage of Americans are that have 250k or more in their bank account? That if a bank(s) failed .. That they would be able to collect on FDIC ? Not many..
Then if there was such a happening ..who's to say the FDIC will not do or be a AIG?
Did AIG fail?
The collapse and near-failure of insurance giant American International Group (AIG) was a major moment in the recent financial crisis. AIG, a global company with about $1 trillion in assets prior to the crisis, lost $99.2 billion in 2008
How do we know that FDIC would be able to cover their obligations? Who paided the premiums? Were or are they paid? We always hear that Social Secrity didn't have the funds.. Do we know if FDIC can cover it?
Vee
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If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Bail-ins Saves the Banks but Who Saves us?
Here are a few things you missed to take in consideration... What do you suppose the percentage of Americans are that have 250k or more in their bank account? That if a bank(s) failed .. That they would be able to collect on FDIC ? Not many..
Then if there was such a happening ..who's to say the FDIC will not do or be a AIG?
Did AIG fail?
The collapse and near-failure of insurance giant American International Group (AIG) was a major moment in the recent financial crisis. AIG, a global company with about $1 trillion in assets prior to the crisis, lost $99.2 billion in 2008
How do we know that FDIC would be able to cover their obligations? Who paided the premiums? Were or are they paid? We always hear that Social Secrity didn't have the funds.. Do we know if FDIC can cover it?
Vee
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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