Liberty MavenFDIC Officially Goes Bankrupt
November 25th, 2009 5:06 pm | by Jake Towne | Published in Banking, Economics, Liberty, Money | 87 Responses
From today’s FDIC quarterly, there is final confirmation that the Deposit Insurance Fund is negative $8 billion.
Originally published November 24, 2009 at http://www.nolanchart.com/Article7070.html
WASHINGTON, DC – Today the FDIC released its quarterly report, revealing that the Deposit Insurance Fund is bankrupt and now stands at negative $8.2 billion dollars. (page 13/26) Central planner and FDIC Chairwoman Sheila Bair has confirmed separately that future bank failures will be funded by the bailout fund allotted to the FDIC.
If you are new to the US banking scheme, you might question why banks and the FDIC are going bankrupt — don’t they HAVE all the money? The answer is they do not, banks in July 2008 had lent out about 99.4% of all the money they had on deposit. This is despite the rather insane truth that the Federal Reserve can create more money whenever it desires.
The FDIC had predicted its bankruptcy in a September letter. I had been following the FDIC closely for the past 18 months, but I finally threw my hands in the air after seeing how the report was rigged to keep the DIF fund positive in the Q2 2009 report, as I reported in “FDIC: ‘We Aren’t Bankrupt and Everything is A-OK.’”
However, the best friends of the FED banking cartel, the United States Congress, has a lot more nice surprises in store for America’s working class. Politicians like to wave around one hand as they mess around with the other hand behind their backs, out of sight. While all the fury of the concerned is focused on the health care spend-and-tax bill, HR 3996, dubbed by yours truly as the “Automatic Bailout Bill” will grant the FED the ability to bailout any “individual, trust, or corporation” (section 1701) as well as impose a bureaucratic system of unneeded regulations.
_______________________________________________________________________
Jake Towne is running for U.S. Congress in Pennsylvania’s 15th District in the 2010 election as a citizen unaffiliated with any political parties. Jake also writes at www.LibertyMaven.com, www.NolanChart.com and www.CampaignForLiberty.com. A novel campaign website where you can comment on articles and start discussions is available at TowneForCongress.com. [Reach the Author Here!]
_______________________________________________________________________
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
As always, unlike the NFL, the author grants full permission to allow any accounts of, rebroadcasts, retransmissions, repostings of this article to your blog or anywhere else in order to promote the Restoration of our Republic.
Veritas numquam perit. Veritas odit moras.Veritas vincit. Truth never perishes. Truth hates delay. Truth conquers.
Tu ne cede malis sed contra audentior ito. Do not give in to evil but proceed ever more boldly against it.
Loading ...
November 26th, 2009 at 6:18 am (#)
Hey,
This is a very sad news.
June 11th, 2010 at 2:42 pm (#)
[...] Deposits in American banks are backed by the promises of the Federal Deposit Insurance Corporation, better known as the FDIC. It promises to protect your money from the dumb things that bank management boards can do, like investing in junk bonds or running away to the Cayman Islands with briefcases full of your savings. This sounds like a trustworthy system, until you realize that the FDIC is basically bankrupt. [...]
May 31st, 2011 at 3:53 am (#)
Our business plan writers practice updated methodology to provide you the best business plan. B-Plan Experts business plan consultants provide effective business strategy for entrepreneurs and businesses.
May 31st, 2011 at 3:53 am (#)
Our business plan writers practice updated methodology to provide you the best business plan. B-Plan Experts business plan consultants provide effective business strategy for entrepreneurs and businesses.
May 31st, 2011 at 3:53 am (#)
Our business plan writers practice updated methodology to provide you the best business plan. B-Plan Experts business plan consultants provide effective business strategy for entrepreneurs and businesses.
May 31st, 2011 at 3:53 am (#)
Our business plan writers practice updated methodology to provide you the best business plan. B-Plan Experts business plan consultants provide effective business strategy for entrepreneurs and businesses.
May 31st, 2011 at 3:53 am (#)
Our business plan writers practice updated methodology to provide you the best business plan. B-Plan Experts business plan consultants provide effective business strategy for entrepreneurs and businesses.
May 31st, 2011 at 3:53 am (#)
Our business plan writers practice updated methodology to provide you the best business plan. B-Plan Experts business plan consultants provide effective business strategy for entrepreneurs and businesses.
July 22nd, 2011 at 2:29 am (#)
This is definitely a topic thats close to me so Im happy that you wrote about it. Im also happy that you did the subject some justice. Not only do you know a great deal about it, you know how to present in a way that people will want to read more. Im so happy to know someone like you exists on the web
July 30th, 2011 at 8:52 am (#)
his is a great post ! it was very informative. I look forward in reading more of your work. Also, I made sure to bookmark your website so I can come back later. I enjoyed every moment of reading it. mesothelioma attorney texas
July 30th, 2011 at 8:52 am (#)
his is a great post ! it was very informative. I look forward in reading more of your work. Also, I made sure to bookmark your website so I can come back later. I enjoyed every moment of reading it. mesothelioma attorney texas
July 30th, 2011 at 8:52 am (#)
his is a great post ! it was very informative. I look forward in reading more of your work. Also, I made sure to bookmark your website so I can come back later. I enjoyed every moment of reading it. mesothelioma attorney texas
July 30th, 2011 at 8:52 am (#)
his is a great post ! it was very informative. I look forward in reading more of your work. Also, I made sure to bookmark your website so I can come back later. I enjoyed every moment of reading it. mesothelioma attorney texas
July 30th, 2011 at 8:52 am (#)
his is a great post ! it was very informative. I look forward in reading more of your work. Also, I made sure to bookmark your website so I can come back later. I enjoyed every moment of reading it. mesothelioma attorney texas
July 30th, 2011 at 8:52 am (#)
his is a great post ! it was very informative. I look forward in reading more of your work. Also, I made sure to bookmark your website so I can come back later. I enjoyed every moment of reading it. mesothelioma attorney texas
August 10th, 2011 at 9:32 am (#)
This is a great post ! it was very informative. I look forward in reading more of your work. Also, I made sure to bookmark your website so I can come back later. I enjoyed every moment of reading it.
August 18th, 2011 at 12:11 am (#)
No one can say anything about it.
September 7th, 2011 at 2:56 am (#)
Well it is true that, the best friends of the FED banking cartel,
September 8th, 2011 at 5:58 am (#)
This is certainly an issue thats close to me, so I'm glad you wrote about it. Im also glad that you did the topic some justice. Not only do you know a lot about it, you know how to present so that people want more. Im so happy to know that someone like you found on the web.
heartburn no more pdf
September 8th, 2011 at 5:58 am (#)
This is certainly an issue thats close to me, so I'm glad you wrote about it. Im also glad that you did the topic some justice. Not only do you know a lot about it, you know how to present so that people want more. Im so happy to know that someone like you found on the web.
heartburn no more pdf
September 8th, 2011 at 5:58 am (#)
This is certainly an issue thats close to me, so I'm glad you wrote about it. Im also glad that you did the topic some justice. Not only do you know a lot about it, you know how to present so that people want more. Im so happy to know that someone like you found on the web.
heartburn no more pdf
September 8th, 2011 at 5:58 am (#)
This is certainly an issue thats close to me, so I'm glad you wrote about it. Im also glad that you did the topic some justice. Not only do you know a lot about it, you know how to present so that people want more. Im so happy to know that someone like you found on the web.
heartburn no more pdf
September 8th, 2011 at 5:58 am (#)
This is certainly an issue thats close to me, so I'm glad you wrote about it. Im also glad that you did the topic some justice. Not only do you know a lot about it, you know how to present so that people want more. Im so happy to know that someone like you found on the web.
heartburn no more pdf
September 8th, 2011 at 5:58 am (#)
This is certainly an issue thats close to me, so I'm glad you wrote about it. Im also glad that you did the topic some justice. Not only do you know a lot about it, you know how to present so that people want more. Im so happy to know that someone like you found on the web.
heartburn no more pdf
September 15th, 2011 at 2:47 am (#)
It promises to protect the stupid things that money in the bank's bodies can do, such as investing in junk bonds, or escaping from the Cayman Islands with briefcases full of savings.
motorcycle transport companies
September 15th, 2011 at 2:47 am (#)
It promises to protect the stupid things that money in the bank's bodies can do, such as investing in junk bonds, or escaping from the Cayman Islands with briefcases full of savings.
motorcycle transport companies
September 15th, 2011 at 2:47 am (#)
It promises to protect the stupid things that money in the bank's bodies can do, such as investing in junk bonds, or escaping from the Cayman Islands with briefcases full of savings.
motorcycle transport companies
September 15th, 2011 at 2:47 am (#)
It promises to protect the stupid things that money in the bank's bodies can do, such as investing in junk bonds, or escaping from the Cayman Islands with briefcases full of savings.
motorcycle transport companies
September 15th, 2011 at 2:47 am (#)
It promises to protect the stupid things that money in the bank's bodies can do, such as investing in junk bonds, or escaping from the Cayman Islands with briefcases full of savings.
motorcycle transport companies
September 15th, 2011 at 2:47 am (#)
It promises to protect the stupid things that money in the bank's bodies can do, such as investing in junk bonds, or escaping from the Cayman Islands with briefcases full of savings.
motorcycle transport companies
December 2nd, 2011 at 1:07 pm (#)
[...] FDIC Officially Goes Bankrupt [...]
December 13th, 2011 at 8:54 am (#)
Well i would like to ask that what are the reason behind the FDIC Officially Goes Bankrupt?
Experts Academy
December 13th, 2011 at 8:54 am (#)
Well i would like to ask that what are the reason behind the FDIC Officially Goes Bankrupt?
Experts Academy
December 13th, 2011 at 8:54 am (#)
Well i would like to ask that what are the reason behind the FDIC Officially Goes Bankrupt?
Experts Academy
December 13th, 2011 at 8:54 am (#)
Well i would like to ask that what are the reason behind the FDIC Officially Goes Bankrupt?
Experts Academy
December 13th, 2011 at 8:54 am (#)
Well i would like to ask that what are the reason behind the FDIC Officially Goes Bankrupt?
Experts Academy
December 13th, 2011 at 8:54 am (#)
Well i would like to ask that what are the reason behind the FDIC Officially Goes Bankrupt?
Experts Academy
December 31st, 2011 at 4:55 am (#)
Strike an average between what a woman thinks of her husband a month before she marries him and what she thinks of him a year afterward, and you will have the truth about him.- H.L. Mencken
payday loans
December 31st, 2011 at 4:55 am (#)
Strike an average between what a woman thinks of her husband a month before she marries him and what she thinks of him a year afterward, and you will have the truth about him.- H.L. Mencken
payday loans
December 31st, 2011 at 4:55 am (#)
Strike an average between what a woman thinks of her husband a month before she marries him and what she thinks of him a year afterward, and you will have the truth about him.- H.L. Mencken
payday loans
December 31st, 2011 at 4:55 am (#)
Strike an average between what a woman thinks of her husband a month before she marries him and what she thinks of him a year afterward, and you will have the truth about him.- H.L. Mencken
payday loans
December 31st, 2011 at 4:55 am (#)
Strike an average between what a woman thinks of her husband a month before she marries him and what she thinks of him a year afterward, and you will have the truth about him.- H.L. Mencken
payday loans
December 31st, 2011 at 4:55 am (#)
Strike an average between what a woman thinks of her husband a month before she marries him and what she thinks of him a year afterward, and you will have the truth about him.- H.L. Mencken
payday loans
January 3rd, 2012 at 12:38 am (#)
interior design
As a Beginner, I'm always looking out on-line for articles that can help me. Thank you
January 3rd, 2012 at 12:38 am (#)
interior design
As a Beginner, I'm always looking out on-line for articles that can help me. Thank you
January 3rd, 2012 at 12:38 am (#)
interior design
As a Beginner, I'm always looking out on-line for articles that can help me. Thank you
January 3rd, 2012 at 12:38 am (#)
interior design
As a Beginner, I'm always looking out on-line for articles that can help me. Thank you
January 3rd, 2012 at 12:38 am (#)
interior design
As a Beginner, I'm always looking out on-line for articles that can help me. Thank you
January 3rd, 2012 at 12:38 am (#)
interior design
As a Beginner, I'm always looking out on-line for articles that can help me. Thank you
January 31st, 2012 at 12:10 am (#)
We absolutely love your blog and find most of your post's to be precisely what I'm looking for. Can you offer guest writers to write content for you? I wouldn't mind composing a post or elaborating on a number of the subjects you write regarding here.
February 9th, 2012 at 1:23 am (#)
Absolutely pent subject matter, regards for selective information .
Vitamins and Minerals
February 9th, 2012 at 1:23 am (#)
Absolutely pent subject matter, regards for selective information .
Vitamins and Minerals
February 9th, 2012 at 1:23 am (#)
Absolutely pent subject matter, regards for selective information .
Vitamins and Minerals
February 9th, 2012 at 1:23 am (#)
Absolutely pent subject matter, regards for selective information .
Vitamins and Minerals
February 9th, 2012 at 1:23 am (#)
Absolutely pent subject matter, regards for selective information .
Vitamins and Minerals
February 9th, 2012 at 1:23 am (#)
Absolutely pent subject matter, regards for selective information .
Vitamins and Minerals
February 10th, 2012 at 3:11 am (#)
I have taken note that of all types of insurance, medical insurance is the most controversial because of the clash between the insurance policies company's necessity to remain making money and the buyer's need to have insurance policy. Insurance companies' revenue on overall health plans have become low, so some businesses struggle to make a profit. Thanks for the ideas you reveal through this blog.
Vitamins and Minerals
February 10th, 2012 at 3:11 am (#)
I have taken note that of all types of insurance, medical insurance is the most controversial because of the clash between the insurance policies company's necessity to remain making money and the buyer's need to have insurance policy. Insurance companies' revenue on overall health plans have become low, so some businesses struggle to make a profit. Thanks for the ideas you reveal through this blog.
Vitamins and Minerals
February 10th, 2012 at 3:11 am (#)
I have taken note that of all types of insurance, medical insurance is the most controversial because of the clash between the insurance policies company's necessity to remain making money and the buyer's need to have insurance policy. Insurance companies' revenue on overall health plans have become low, so some businesses struggle to make a profit. Thanks for the ideas you reveal through this blog.
Vitamins and Minerals
February 10th, 2012 at 3:11 am (#)
I have taken note that of all types of insurance, medical insurance is the most controversial because of the clash between the insurance policies company's necessity to remain making money and the buyer's need to have insurance policy. Insurance companies' revenue on overall health plans have become low, so some businesses struggle to make a profit. Thanks for the ideas you reveal through this blog.
Vitamins and Minerals
February 10th, 2012 at 3:11 am (#)
I have taken note that of all types of insurance, medical insurance is the most controversial because of the clash between the insurance policies company's necessity to remain making money and the buyer's need to have insurance policy. Insurance companies' revenue on overall health plans have become low, so some businesses struggle to make a profit. Thanks for the ideas you reveal through this blog.
Vitamins and Minerals
February 10th, 2012 at 3:11 am (#)
I have taken note that of all types of insurance, medical insurance is the most controversial because of the clash between the insurance policies company's necessity to remain making money and the buyer's need to have insurance policy. Insurance companies' revenue on overall health plans have become low, so some businesses struggle to make a profit. Thanks for the ideas you reveal through this blog.
Vitamins and Minerals
February 23rd, 2012 at 12:46 am (#)
According to Wiki, the cars acclimatized a Vagrant machine in 4 or 6 cylinder forms which came from the 1948 P3 and had transparency valves for cove and side valves for exhaust. A four-speed guide dissemination was occupied with a column-mounted shifter at first and floor-mounted unit from 1954. At cardinal the gearbox exclusive had synchromesh on third and supreme but it was added to second gear as obviously in 1953. A liberated veer dominance, a standard Tourist memorable part, was fitted to cars without overdrive until more 1959.
Second Mortgages Ontario
February 23rd, 2012 at 12:46 am (#)
According to Wiki, the cars acclimatized a Vagrant machine in 4 or 6 cylinder forms which came from the 1948 P3 and had transparency valves for cove and side valves for exhaust. A four-speed guide dissemination was occupied with a column-mounted shifter at first and floor-mounted unit from 1954. At cardinal the gearbox exclusive had synchromesh on third and supreme but it was added to second gear as obviously in 1953. A liberated veer dominance, a standard Tourist memorable part, was fitted to cars without overdrive until more 1959.
Second Mortgages Ontario
February 23rd, 2012 at 12:46 am (#)
According to Wiki, the cars acclimatized a Vagrant machine in 4 or 6 cylinder forms which came from the 1948 P3 and had transparency valves for cove and side valves for exhaust. A four-speed guide dissemination was occupied with a column-mounted shifter at first and floor-mounted unit from 1954. At cardinal the gearbox exclusive had synchromesh on third and supreme but it was added to second gear as obviously in 1953. A liberated veer dominance, a standard Tourist memorable part, was fitted to cars without overdrive until more 1959.
Second Mortgages Ontario
February 23rd, 2012 at 12:46 am (#)
According to Wiki, the cars acclimatized a Vagrant machine in 4 or 6 cylinder forms which came from the 1948 P3 and had transparency valves for cove and side valves for exhaust. A four-speed guide dissemination was occupied with a column-mounted shifter at first and floor-mounted unit from 1954. At cardinal the gearbox exclusive had synchromesh on third and supreme but it was added to second gear as obviously in 1953. A liberated veer dominance, a standard Tourist memorable part, was fitted to cars without overdrive until more 1959.
Second Mortgages Ontario
February 23rd, 2012 at 12:46 am (#)
According to Wiki, the cars acclimatized a Vagrant machine in 4 or 6 cylinder forms which came from the 1948 P3 and had transparency valves for cove and side valves for exhaust. A four-speed guide dissemination was occupied with a column-mounted shifter at first and floor-mounted unit from 1954. At cardinal the gearbox exclusive had synchromesh on third and supreme but it was added to second gear as obviously in 1953. A liberated veer dominance, a standard Tourist memorable part, was fitted to cars without overdrive until more 1959.
Second Mortgages Ontario
February 23rd, 2012 at 12:46 am (#)
According to Wiki, the cars acclimatized a Vagrant machine in 4 or 6 cylinder forms which came from the 1948 P3 and had transparency valves for cove and side valves for exhaust. A four-speed guide dissemination was occupied with a column-mounted shifter at first and floor-mounted unit from 1954. At cardinal the gearbox exclusive had synchromesh on third and supreme but it was added to second gear as obviously in 1953. A liberated veer dominance, a standard Tourist memorable part, was fitted to cars without overdrive until more 1959.
Second Mortgages Ontario
February 28th, 2012 at 5:54 am (#)
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
seragam sekolah
seragam
pria paling ganteng di cianjur
February 28th, 2012 at 5:54 am (#)
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
seragam sekolah
seragam
pria paling ganteng di cianjur
February 28th, 2012 at 5:54 am (#)
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
seragam sekolah
seragam
pria paling ganteng di cianjur
February 28th, 2012 at 5:54 am (#)
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
seragam sekolah
seragam
pria paling ganteng di cianjur
February 28th, 2012 at 5:54 am (#)
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
seragam sekolah
seragam
pria paling ganteng di cianjur
February 28th, 2012 at 5:54 am (#)
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
seragam sekolah
seragam
pria paling ganteng di cianjur
March 11th, 2012 at 6:19 am (#)
This is a really excellent read for me. Must agree that you are one of the coolest bloggers I ever saw. Thanks for posting this useful article.
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
celana jeans
seragam
March 11th, 2012 at 6:19 am (#)
This is a really excellent read for me. Must agree that you are one of the coolest bloggers I ever saw. Thanks for posting this useful article.
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
celana jeans
seragam
March 11th, 2012 at 6:19 am (#)
This is a really excellent read for me. Must agree that you are one of the coolest bloggers I ever saw. Thanks for posting this useful article.
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
celana jeans
seragam
March 11th, 2012 at 6:19 am (#)
This is a really excellent read for me. Must agree that you are one of the coolest bloggers I ever saw. Thanks for posting this useful article.
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
celana jeans
seragam
March 11th, 2012 at 6:19 am (#)
This is a really excellent read for me. Must agree that you are one of the coolest bloggers I ever saw. Thanks for posting this useful article.
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
celana jeans
seragam
March 11th, 2012 at 6:19 am (#)
This is a really excellent read for me. Must agree that you are one of the coolest bloggers I ever saw. Thanks for posting this useful article.
This is my first time i visit here. I found so many interesting stuff in your blog
jual celana
celana jeans
seragam
March 27th, 2012 at 12:18 am (#)
This is a brilliant idea, I will be following your progress alongside with applejux. Good luck and hope to hear great things!
Vimax Pills
March 27th, 2012 at 12:18 am (#)
This is a brilliant idea, I will be following your progress alongside with applejux. Good luck and hope to hear great things!
Vimax Pills
March 27th, 2012 at 12:18 am (#)
This is a brilliant idea, I will be following your progress alongside with applejux. Good luck and hope to hear great things!
Vimax Pills
March 27th, 2012 at 12:18 am (#)
This is a brilliant idea, I will be following your progress alongside with applejux. Good luck and hope to hear great things!
Vimax Pills
March 27th, 2012 at 12:18 am (#)
This is a brilliant idea, I will be following your progress alongside with applejux. Good luck and hope to hear great things!
Vimax Pills
March 27th, 2012 at 12:18 am (#)
This is a brilliant idea, I will be following your progress alongside with applejux. Good luck and hope to hear great things!
Vimax Pills
April 12th, 2012 at 2:38 pm (#)
I want to ask that what are the main point and the functions of the “Automatic Bailout Bill” ?