Alarming thought

[kygorski]

As my son was trying to figure out how to deal with his wachovia problem, he noticed a heck of a lot of folks drawing oput a lot of money.When I told him he was safe because of multiple accounts in several banks, he asked me if i ever read the whole FDIC brochure.He said read it, its an eye opener.My fatherly advice to him was, go to gander mtn, buy several automatic pistols, lots of ammo, come down here and I'll teach you how to use them.Smith & wesson make one heck of a home insurance policy!

[DJD]

A week ago I heard a news report that the FDIC needed more money to cover the potential claims from bank failures. That's a scary thought huh? The agency who protects our money is asking for money.....

[mhall]

A week ago I heard a news report that the FDIC needed more money to cover the potential claims from bank failures. That's a scary thought huh? The agency who protects our money is asking for money.....

Lord have mercy on us all.

[Grumpy]

It is amazing the way these things get twisted out of shape. The FDIC is not broke and is niot asking for more money to cover the failures, it is asking to raise the amount of money they can insure in the event of a bank failure. Right now its $100,00 per depositor, they want to raise that to $200,000 or $250,000. The money for the average saver is SAFE. The Senate bill they are now working on does in fact raise the amount the FDIC will insure..

Grumpy

[DJD]

It is amazing the way these things get twisted out of shape. The FDIC is not broke and is niot asking for more money to cover the failures, it is asking to raise the amount of money they can insure in the event of a bank failure. Right now its $100,00 per depositor, they want to raise that to $200,000 or $250,000. The money for the average saver is SAFE. The Senate bill they are now working on does in fact raise the amount the FDIC will insure..

Grumpy

Just saw that on CNN about the increase. I promise you I heard it right the other day but I guess they reported it wrong? The final thought during their discussion was what would happen if the banks went broke? How would that amount be covered? Man it sounded like a monumental task.

[Grumpy]

Don, I don't doubt that you heard correctly and I am sorry if it sounded like I was blaming you for the mis-information. I didn't mean it that way. The problem is with the Democrat/Liberal controlled press/media taking a sound bite totally out of context and blowing it up into "THE SKY IS FALLING, THE SKY IS FALLING, THE SKY IF FALLING and it's all George Bush's and the Republican's fault."

Grumpy

[Dave Stewart]

Actually if you have been to the gas pumps or the grocery store lately, not to mention seen your utility bills increasing over the past year or so...the sky is falling.

Has nothing to do with just Bush and the Republicans...it has to do with all those greedy (can't say this word on here) bought and paid for folks there in D.C. which includes Bush etc...etc...

[Bobby Headrick]

A BIG AMEN FOR DAVE. Just got a notice from my elec coop, elec bills will be going up 4.85% for residential. The sky has fell.............................................. ...

[Grumpy]

Dave, I agree, but someone is voting for the "greedy" politions in Washingto. It is a sorry state of affairs, but as a whole Americans love to blame Washington but they don't VOTE. If the majority of the American population would spend as much time becoming informed about their polticians and then VOTE in elections, the bad politicians would never last. Unfortunately, IF THEY VOTE, all too many people just vote for the party hack.

Maybe we need for the sky to fall in so that enough people will get involved and vote so that we can vote the "greedy" politicians OUT and vote someone with our interest IN. As I said, SOMEONE IS VOTING FOR THESE PEOPLE and if the majority don't like them then they need to VOTE.

Grumpy

[zx150]

Dave you said it all.

[Dave Stewart]

Dave, I agree, but someone is voting for the "greedy" politions in Washingto. It is a sorry state of affairs, but as a whole Americans love to blame Washington but they don't VOTE. If the majority of the American population would spend as much time becoming informed about their polticians and then VOTE in elections, the bad politicians would never last. Unfortunately, IF THEY VOTE, all too many people just vote for the party hack.

Maybe we need for the sky to fall in so that enough people will get involved and vote so that we can vote the "greedy" politicians OUT and vote someone with our interest IN. As I said, SOMEONE IS VOTING FOR THESE PEOPLE and if the majority don't like them then they need to VOTE.

Grumpy

Actually, I think the real problem is that those of us that do vote...only get a choice of those politicians that have already sold their souls to the special interests groups. The only "cure" for this as I see it and have been preaching for many many years is to do away with all special interest group monies. Limit the amount of money that can be spent on campaigns. Hell, the government could set standards for a qualifying party and candidate and give them this certain amount of money and that is all you get to spend, with any monies left over at the end of the campaign going back to the government. The FCC could demand that tv and radio time be free and limited to each qualifying candidate and that each qualifying candidate would be given equal amounts of air time. They do it now with public service announcements. If they did it this way we would see who is best at managing the monies and everyone running for office would be given the same equal opportunity to get their message across...without having to spend their time in office paying back the special interest groups for the monies etc...they received. Obviously, the candidate with the most unpaid volunteers, management abilities and hard work ethic would probably be the one that comes to the forefront when it comes time for us to vote.

Imagine...a candidate that comes FROM the people, works FOR the people, being voted in by the PEOPLE....instead of a candidate that is BOUGHT by the special interest groups, WORKS for the special interest groups and given to the PEOPLE as their choice of candidate.

I would be all for this type of free election if anyone can come up with a way of taking back our elections....maybe when we all get sick and tired enough of being told what to do, when to do it and pay for it too, something along these lines will happen.

[mhall]

Fire'em all and let God sort'em out. Then we'll just start from scratch. Every last stinking rich one of them are crooks pure and simple, and I mean every last one of them to.