Would There Be Enough Money In Fdic To Pay Everyone Who Lost Their Life Savings In A Total Banking Colapse?

By Increase Savings | Published: November 10, 2009

If Obama let all the banks fail there would be a complete panic and Everyone would try to get their money out. So ,saving the banks was bad because they were managed poorly, and greedy? Obama should have let them all close their doors, right? Sounds like a pretty bad idea to me.

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8 Comments

  1. Odin's Rage
    Posted November 10, 2009 at 10:07 am | Permalink

    Except all the banks were not failing, just the ones that let the Dems convince them to give poor people mortgages they could not afford.
    Is this Lib propaganda night at Y!A?

  2. Mister2-
    Posted November 10, 2009 at 3:36 pm | Permalink

    There would not be enough money in the fund in the event of a total collapse. Government would have to cover it same as when FDIC was started. Obama wants sane sensible banking regulations. Cannot imagine having better person to get what is need. He has educational background and Grandmother he live with a long time was a bank manager. Wonder if they had some very interesting conversation on the phone about 80′s S&L ripoff. They should have genetic ID of every failed or taken over banks top officers and management and ban them from financial industry for life. To keep banks honest some have to fail especially all for reasons you stated.

  3. Lee
    Posted November 10, 2009 at 10:01 pm | Permalink

    Just remember this.The FDIC tell you know one has every lost one penny when their money was insured by a government agency.That is if it was with-in the limits set by them.That said,if there was a total collapse of our banking system you would receive your savings,but they don’t say when.

  4. CaptainF
    Posted November 11, 2009 at 4:58 am | Permalink

    The Federal government is not financially sound. they can print off money! Trillions in debt now! Do you think our bank accounts would be high priority to them when the entire monetary system is collapsing? Best faith to have is in yourself and how you prepare for your future.
    Printing money is not smart.
    .

  5. towwwdot
    Posted November 11, 2009 at 11:42 am | Permalink

    Yes they would, all banks are Federally insured.

  6. DG
    Posted November 11, 2009 at 2:28 pm | Permalink

    well we have enough money to pay two wars so I don’t see the problem

  7. Gus K
    Posted November 11, 2009 at 9:10 pm | Permalink

    Of course. Obama would just print more T Bills and sell them to China, just like he funds all his programs. Why didn’t the Rebublicans think of that?
    .

  8. Alexandr
    Posted November 12, 2009 at 2:30 am | Permalink

    if there is not enough money in FDIC, Federal government would give FDIC a loan to pay us.

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