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Thread: FDIC

  1. #1
    Join Date
    Jul 2002
    Location
    Yuma, AZ
    Posts
    2,361

    FDIC

    "FDICs Deposit Insurance Fund
    Full Faith and Credit of U.S.
    Government FDIC deposit insurance is backed by the full faith and credit of the United States government. This means that the resources of the United States government stand behind FDIC-insured depositors."
    " And, if ever needed, the FDIC can draw on a line of credit with the U.S. Treasury." TG for printing presses.

    That makes me feel much better.
    "I have never let my schooling interfere with my education."
    Mark Twain
    More at: http://www.quotationspage.com/subjects/education/

  2. #2
    Join Date
    Dec 2005
    Posts
    3,951
    Its never failed yet.

    Its as safe as money in the bank, literally.

  3. #3
    Quote Originally Posted by lynn comstock View Post
    "FDICs Deposit Insurance Fund
    Full Faith and Credit of U.S.
    Government FDIC deposit insurance is backed by the full faith and credit of the United States government. This means that the resources of the United States government stand behind FDIC-insured depositors."
    " And, if ever needed, the FDIC can draw on a line of credit with the U.S. Treasury." TG for printing presses.

    That makes me feel much better.
    http://www.thestreet.com/stock-marke...-2011-mil.html

    TG better send a memo to Wizard Ben and kick those printing machines to hyper-over drive. The FDIC better get ready with a very large bottle of Pepto.
    FEN

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