DISQUS

Kyle · 1 month ago

I think you are right about not worrying too much about the FDIC running out of money. I don't like when people say things like limitless though. Somebody has to fund that line of credit if they ever have to use it. Last I checked the US tax payers were already funding the banks, the auto industry, and the real estate industry in other forms so it would kind of hurt if we had to start funding the FDIC too.

Flexo · 1 month ago

It's limitless because the government will just "print more money" if needed... increase the money supply. The FDIC will be the last thing the government will let fail, it's the last sign of faith. The banking system can only operate with public faith in the government to supply money, and that faith is only as strong as the solvency of the FDIC.

SingleGuyMoney · 1 month ago

Unfortunately, banks in my state (Georgia) have been hit particularly hard with bank failures.

Laura · 1 month ago

I am unemployed and looking for Merchant Service Department, Admistrative Support. Know any one in the banking industry.

Jim · 1 month ago

One thing to keep in mind is that there are about 8000 banks in the country. So 100 banks represents a tad over 1% failure rate. Look at it that way and it helps keep it in perspective.