GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Can the Governments FDIC run out of money?

sweetredhead · 09-17-2008, 10:22 AM

So I am watching CNBC while i'm working and Smart Lunch is having a whole debate about can the FDIC run out of money.

I feel the public has put so much trust in the banking world and most didn't realize that this insurance only covers per depository not for each acct you have.

This is fucked if you have over $100,000 between accts you are only protected up to the $100,000, now the SPIC has higher limits in the brokerage world. But with all these firms going out of business and now the gov't is bailing AIG out of their mess.

The question remains:
Can the Governments FDIC/SPIC program run out of money?

09-17-2008, 10:22 AM
sweetredhead Confirmed User Join Date: Jun 2008 Location: New York Posts: 443	Can the Governments FDIC run out of money? So I am watching CNBC while i'm working and Smart Lunch is having a whole debate about can the FDIC run out of money. I feel the public has put so much trust in the banking world and most didn't realize that this insurance only covers per depository not for each acct you have. This is fucked if you have over $100,000 between accts you are only protected up to the $100,000, now the SPIC has higher limits in the brokerage world. But with all these firms going out of business and now the gov't is bailing AIG out of their mess. The question remains: Can the Governments FDIC/SPIC program run out of money? __________________ Brooke [email protected]