If "alot" of the banks fail, like the one this week in Calif. (Indybank)?

Question

will the FDIC be able to handle all the losses?

Answer 1

The FDIC is able to cover these lossses not only with backing from the government funding but with the premiums that other banks use to offer this to their consumers. Just like you do on an insurance policy that you buy on your house, or life insurance. With the loss at IndyBank "only" being 1.3 mil, the FDIC has special programs in place already that cover investors to 30 million.

Answer 2

The FDIC only has 53 billion available for bailouts.  They might use up to 10% of that on IndyMac alone.   You can do the math.

So much for "capitalism," snicker snicker....  to all those people who like to nob their heads at what they think is "socialism".  Ha ha ha.  People need to get beyond words and labels and deal with realities instead.  

The more that the Fed and the FDIC bailout failing companies (ie., breach the basic tenets of capitalism), the more the dollar loses its value.  Printing dollars left and right, and the US dollar will drop.  Meanwhile, Paulson and crew still tell their own citizens that the dollar is strong.  It's hypocrisy.

You can see the latest video with Ron Paul and Henry Paulson on my site - I posted it yesterday.  

MoneyEnergy

http://www.getmoneyenergy.com

Answer 3

The  Federal government IS the FDIC.  If the Federal government can't steal the money, your money is worthless anyway.

Answer 4

I think the Feds can only take over so many banks, before THEY run out of money. A couple OK, but ALOT NO.

Answer 5

I believe the FDIC has $6 in reserves for every $100 they insure.  That doesn't make me comfortable depending on them.  As long as only a few banks go under, won't be a big problem.