Consumerism Commentary - Latest Comments in List of Failed Banks, Updated October 26, 2009

Re: List of Failed Banks, Updated October 26, 2009

Travis — Tue, 13 Apr 2010 14:07:33 -0000

I slightly disagree with you on this. yes they can print more money...but the more money that is printed, the less $1 value is. Look at the Euro. One euro is equivalent to $2.64. Which is nuts.

So yes, it is limitless, but the price of goods might get jacked up for us.

Re: List of Failed Banks, Updated October 26, 2009

freeby50 — Tue, 27 Oct 2009 15:12:58 -0000

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.

Re: List of Failed Banks, Updated October 26, 2009

Harlan Landes — Tue, 27 Oct 2009 01:07:46 -0000

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.

Re: List of Failed Banks, Updated October 26, 2009

Laura — Tue, 27 Oct 2009 00:31:04 -0000

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

Re: List of Failed Banks, Updated October 26, 2009

SingleGuyMoney — Mon, 26 Oct 2009 21:39:33 -0000

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

Re: List of Failed Banks, Updated October 26, 2009

Kyle — Mon, 26 Oct 2009 16:41:41 -0000

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.