Comments on: What Would the United States Look Like Without the FDIC? http://www.americanbankingnews.com/2009/09/03/what-would-the-united-states-look-like-without-the-fdic/ News and Information about Banks, Credit Unions and Financial Institutions Wed, 17 Mar 2010 21:55:33 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: tomrankin http://www.americanbankingnews.com/2009/09/03/what-would-the-united-states-look-like-without-the-fdic/comment-page-1/#comment-346 tomrankin Mon, 07 Sep 2009 13:20:38 +0000 http://www.americanbankingnews.com/?p=526#comment-346 Such BS.<br><br>When the USA ends the Fed and goes back to a real commodity based money system the the Reserve dollar bill will be worth a nickle, a silver dime will purchase 2 dollars Reserve notes and a silver dollar or silver certificate will be worth 20 dollars in Federal Reserve Notes. We will have real money that can not be inflated and a return to a true Free Market.<br><br>Audit the FED = End the FED Such BS.

When the USA ends the Fed and goes back to a real commodity based money system the the Reserve dollar bill will be worth a nickle, a silver dime will purchase 2 dollars Reserve notes and a silver dollar or silver certificate will be worth 20 dollars in Federal Reserve Notes. We will have real money that can not be inflated and a return to a true Free Market.

Audit the FED = End the FED

]]> By: Scott Baker http://www.americanbankingnews.com/2009/09/03/what-would-the-united-states-look-like-without-the-fdic/comment-page-1/#comment-308 Scott Baker Sun, 06 Sep 2009 07:08:45 +0000 http://www.americanbankingnews.com/?p=526#comment-308 Instead of abandoning insurance for the little investor, how about abandoning subsidization of too-big-to-fail (TBTF) financial institutions, which have now become Really-too-Big-To-Fail (RTBTF)? Better yet, prosecute most of them for the fraudulent contracts they enabled by deliberately overestimating their own, and their counter-party's, collateral assets. JP Morgan still has over $85 trillion in derivative contracts, despite having, generously estimated, a trillion in assets (even in Chapter 7). There's no way they could cover even a fraction of these bets if they went bad. Now, the government is complicit in covering up this unfillable hole, instead of acknowledging the illegality of making contracts that can't be fulfilled and prosecuting those who do. Instead of abandoning insurance for the little investor, how about abandoning subsidization of too-big-to-fail (TBTF) financial institutions, which have now become Really-too-Big-To-Fail (RTBTF)? Better yet, prosecute most of them for the fraudulent contracts they enabled by deliberately overestimating their own, and their counter-party's, collateral assets. JP Morgan still has over $85 trillion in derivative contracts, despite having, generously estimated, a trillion in assets (even in Chapter 7). There's no way they could cover even a fraction of these bets if they went bad. Now, the government is complicit in covering up this unfillable hole, instead of acknowledging the illegality of making contracts that can't be fulfilled and prosecuting those who do.

]]> By: Renrah http://www.americanbankingnews.com/2009/09/03/what-would-the-united-states-look-like-without-the-fdic/comment-page-1/#comment-272 Renrah Fri, 04 Sep 2009 00:07:02 +0000 http://www.americanbankingnews.com/?p=526#comment-272 Why do no articles on the fed discuss that as a sovereign nation we can print our own money instead of paying the interest to the Fed ??? - almost $ 500 BILLION IN INTEREST THIS YEAR that would not need to be paid. Look into history and you'll see Lincoln and JFK were both assassinated ( attempt on Jackson ) when trying to get away from this system and allow the USA to print the currency itself. Watch the google video on the history of the Fed and you'll be blown away. Why do no articles on the fed discuss that as a sovereign nation we can print our own money instead of paying the interest to the Fed ??? – almost $ 500 BILLION IN INTEREST THIS YEAR that would not need to be paid. Look into history and you'll see Lincoln and JFK were both assassinated ( attempt on Jackson ) when trying to get away from this system and allow the USA to print the currency itself. Watch the google video on the history of the Fed and you'll be blown away.

]]> By: flokmournsdly http://www.americanbankingnews.com/2009/09/03/what-would-the-united-states-look-like-without-the-fdic/comment-page-1/#comment-265 flokmournsdly Thu, 03 Sep 2009 19:43:24 +0000 http://www.americanbankingnews.com/?p=526#comment-265 What? Do you know how insurance works? What? Do you know how insurance works?

]]> By: Vipul Desai http://www.americanbankingnews.com/2009/09/03/what-would-the-united-states-look-like-without-the-fdic/comment-page-1/#comment-262 Vipul Desai Thu, 03 Sep 2009 17:36:38 +0000 http://www.americanbankingnews.com/?p=526#comment-262 Who will insure insurance companies,so we are back to square. Nothing change without changing the whole system. Who will insure insurance companies,so we are back to square. Nothing change without changing the whole system.

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