trumps Nominees...So Far...

[Windship]

Here are the years that capitalism has failed and bailed out by the working class. 1880, 1896, 00, 03, 07, 29, 37, 38, 46, 62, 69, 87, 89 and 2008. Yeah. Why would you think it would fail again?

 

[Toddsterpatriot]

...and then explain why the banks wont take your savings and retirement? Just in case you dont know, it is now legal for the banks to keep you money if they cant pay their bills.

What are you talking about? You're making less sense than usual.
FDIC insures deposits up to $250,000.

 

[Toddsterpatriot]

Here are the years that capitalism has failed and bailed out by the working class. 1880, 1896, 00, 03, 07, 29, 37, 38, 46, 62, 69, 87, 89 and 2008. Yeah. Why would you think it would fail again?

You should turn all your savings into gold and canned beans.
Hide in your basement. You'll be fine.

 

[Oldstyle]

Treasury secretary-steve manuchen. A second generation goldman sachs banker who got rich of the foreclosure crisis.
Comerce department-Wilber ross. A billionaire hedge fund manager.
Office of budget management-gary cone. COO of goldman sachs and second to the ceo. He's the example trump used to describe the ruling elite in his campaign.
lol. Enjoy.

hypocrite

[hip-uh-krit]

noun
1.
a person who pretends to have virtues,moral or religious beliefs, principles, etc.,that he or she does not actually possess,especially a person whose actions beliestated beliefs.
2.
a person who feigns some desirable orpublicly approved attitude, especially onewhose private life, opinions, or statementsbelie his or her public statements.

So, if ya' dont like the message, just hack and sling bull shit and discredit the op? Lol. Cant you think for yourself? And Ill tell ya' what...lets say I am a hypocrite, it doesnt matter. Nor does it matter if Im short or tall, smart or not...or if Im hideous or beautiful...all that matters is weather or not the truth is exposed. If that makes me what you called me, so be it. I would have a problem if someone lied to me.

I'm curious, Wind...was Goldman Sachs bad when they were giving all that money to Barry? Or are they only bad when someone Trump nominated used to work for them and made money doing so? Let's say you're a hypocrite? It doesn't really even HAVE to be said...does it?

 

[Windship]

These people will further the economic crisis. The crash is coming. No one is denying it. You want more. Your gonna get it too. What you ignore is what will happen when the banks close. Lol, your money's goin too you fool.

The crash isn't "coming"...it hasn't ended. When the Fed can no longer give 0% loans, the Dow will sink like a submarine with a screen door. If I were advising Trump, I'd tell him to default on the debt and get it over with.

Yes. Watch out for interest rates rising. The interest rate is key. Did ya get that todd?

Rising rates are going to improve bank profitability.
Is that why they're gonna close?
They need more time to count their profits? LOL!

Right. Because they havent been profitable enough, lol. Ok, listen up: if the rates rise and people cant pay it....just like in 2008 but that failure in capitalism has only cost us 21 trillion usd'd since then. Tel me, how do you bail out a 553 trillion derivatives market when the entire world gdp is only 78 trillion? Tell me. Id like to hear it.

Right. Because they havent been profitable enough, lol.

Profits have suffered with such a flat yield curve. You prefer the banks to lose money?

Ok, listen up: if the rates rise and people cant pay it....

Which rates are going to rise so high that people can't pay? Be specific.

Tel me, how do you bail out a 553 trillion derivatives market when the entire world gdp is only 78 trillion?

You think 553 trillion is at stake in the derivatives market?
Do you believe my $10 football bet tonight means I need to get bailed out with its $4.5 billion notional value?

Wow. Believe what you want. Ya gotta have facts to debate. Just rhetoric. You have no facts just "I want more, more, more. I know Im fat and bloated but I want more". Yes, I want the banks to lose money. Defiantly. Theyve taken it from everyone and they never deserved it.

 

[Theowl32]

Treasury secretary-steve manuchen. A second generation goldman sachs banker who got rich of the foreclosure crisis.
Comerce department-Wilber ross. A billionaire hedge fund manager.
Office of budget management-gary cone. COO of goldman sachs and second to the ceo. He's the example trump used to describe the ruling elite in his campaign.
lol. Enjoy.

Guys who actually understand economics and the real world, instead of liberal ivory-tower idiots.

I can see why this would upset you.

Ok smart guy....tell me, what builds a strong economy?

I know I know Giving billions in tax breaks to billionaires Trickle down lol

Uhhhhh duuuuuuuh, there arre nooooo riiiich people in socialist cooountries....


Errrrrr deeeeerrrr.

Lmfao!! Yes tere are!! OMG!! Your so fucking stupid!! The top .01 are filthy rich...lol, like here! Oh man...rotf.

Holy shit

 

[Windship]

Wow. Youve made a TON of assumptions all on text. What is your basis for comparison? Youve seen none of my actions. You dont see me or know me but because I disagree with you, Im a hypocrite. Ok, whatever. Lol, your defense has dwindled to name calling.
I got news for ya'. I do not pretend to have false anything and you know it.

 

[Windship]

...and then explain why the banks wont take your savings and retirement? Just in case you dont know, it is now legal for the banks to keep you money if they cant pay their bills.

What are you talking about? You're making less sense than usual.
FDIC insures deposits up to $250,000.

Lol, yeah, ok. You run with that. Lol.

 

[Windship]

FDIC insurance protects your money (except when ...)

By Claes Bell • Bankrate.com
Editor's Note: On Oct. 3, 2008, Congress raised the FDIC insurance amount to $250,000. This change will be in effect until Dec. 31, 2013.
A few years ago, you probably never gave the FDIC, or the deposit insurance it provides, a second thought. But with banks falling like dominos and struggling financial institutions of all stripes in the news, you're probably wondering if there are exceptions to the FDIC's $250,000 guarantee.
It is almost always there for you. But understanding FDIC rules is worth the effort, because almost is the operative word here.
Uncle Sam practices prevention

The Federal Deposit Insurance Corp. was created in 1933 by President Franklin D. Roosevelt to insure bank and thrift deposits after people lost their money in the aftermath of the stock market crash of 1929. Deposits at credit unions are insured by the National Credit Union Administration. The agencies insure accounts up to $250,000.
"The lessons of the Depression prompted the government to act quickly to protect bank customers from disasters beyond their control," says Kathleen Nagle, associate director for consumer protection at the FDIC.
But a government's work is never done. People were confused about coverage limits on joint accounts -- which seemed to be half of those on individual accounts -- and frequently complained to the FDIC. So in 1999, the FDIC ruled that all cash in a joint account is insured on a per-person basis up to $100,000. If Joe and Jane Depositor have $200,000 in a joint checking account, the total insurance coverage is $200,000. (In October 2008, the insured amount per individual per account was raised to $250,000.)
To insure any more, the Depositors would have to find a new bank for the overflow.
Rules for CDs when banks merge

The rules for certificates of deposit depend on the maturity and term at the time of the merger:

• CDs assumed by another institution continue to be separately insured until the earliest maturity date after the end of the six-month period.
• CDs that mature during the six-month period and are renewed for the same term and in the same dollar amount (either with or without accrued interest) will continue to be separately insured until the first maturity date after the six-month period.
• CDs that mature during the six-month period and are renewed on any other basis, or that are not renewed and cashed in, will be separately insured only until the end of the six-month period.

What is insured by the FDIC? Savings deposits Checking deposits Deposits in NOW accounts Christmas club accounts Certificates of deposit Cashiers' checks Officers' checks Expense checks Loan disbursement checks Interest checks Outstanding drafts Negotiable instruments and money orders drawn on the institution Certified checks, letters of credit and travelers' checks, for which an insured depository institution is primarily liable, also are insured when issued in exchange for money or its equivalent, or for a charge against a deposit account

What is not insured by the FDIC? Contents in a safe-deposit box Money market mutual funds Annuities Stocks Bonds Treasury securities Any investment product whether purchased through a bank or a broker/dealer

[TBODY] [/TBODY]

Some states require that all institutions that accept deposits carry federal deposit insurance. All federally insured banks and savings and loans must prominently display the FDIC seal.
The agency insures the principal and balance on deposit accounts -- such as checking, savings and money market accounts -- up to $250,000. Certificates of deposit and trust accounts that contain cash rather than securities are also protected.
So if Joe Account Holder had a principal balance of $95,000 in his checking or money market account plus $4,000 in interest, the total amount would be insured by the agency. If Joe's cash including interest exceeded $250,000 and his bank failed, he would only have the maximum insurance coverage of $250,000.
Protecting retirement savings

But what about retirement accounts? Are they backed by the guarantee of the government? The answer is, sort of.
Under FDIC rules, bank deposits in self-directed 401(k)s and Keogh plans, Roth IRAs, SEP IRAs and SIMPLE IRAs that are owned by the same person are covered up to a combined total of $250,000.
Limits get a bit complex with employer-directed 401(k), employer-directed Keogh, pension or profit-sharing plans, but in general, money that is allocated to bank deposits in individual employees' accounts is insured up to $100,000. This is referred to by the FDIC as "pass-through" coverage.
It's important to understand that FDIC protection only applies to bank deposits in these retirement accounts. Investments such as stocks, bonds, mutual funds, ETFs and annuities that are sitting in these accounts are not covered. For example, if Joe Depositor has a 401(k) through his employer with a balance of $40,000, and 25 percent is allocated toward bank deposits, then $10,000 of Joe's 401(k) would be FDIC insured.
Who's covered and for how much?

• For individuals: Each bank and thrift customer's deposits are insured up to $250,000. That includes checking, savings, money market accounts, certificates of deposit and individual retirement accounts.
• For couples: All cash in a joint account is insured on a per-person basis up to $250,000. So Joe and Jane Depositor can have up to $500,000 in a checking account that would be fully FDIC insured.
• For beneficiaries: Individuals or couples can set up trust accounts for their children or certain other family members for a maximum of $250,00 in insurance coverage per owner and beneficiary. So if Joe and Jane have payable on death accounts for their three children, up to $750,000 in the accounts is FDIC insured (2 account holders x 3 beneficiaries x $250,000 in coverage = $750,000). The coverage can also apply to the spouse, parent, grandchild or sibling of the account holder.

The FDIC offers the Electronic Deposit Insurance Estimator, which tells customers if their accounts at an FDIC-insured institution are within the $250,000?
The money paid out to make account holders whole when banks fail comes from the FDIC deposit insurance fund, or DIF. That fund currently totals $52 billion, says Lajuan Williams-Dickerson, an FDIC spokeswoman. Meanwhile, total FDIC-insured deposits ring in at around $4.5 trillion. So, if the DIF stands at a little over 1 percent of the total deposits it covers, how can we be sure it won't run out if there's a cascade of bank failures?
"We don't anticipate that there will be enough bank failures to deplete the $52 billion fund," says Williams-Dickerson.
But even if there was, Nagel says, "The FDIC has a $30 billion line of credit that they could draw on from the Department of the Treasury." And failing that, Nagel says, "the U.S. Congress has said that the FDIC is backed by the full faith and credit of the U.S. government."
So even if the FDIC's funds are overwhelmed by a flood of bank failures, the federal government would be there to make sure depositors got their insured funds back.
What happens if you're not covered?

All this federal protection is moot if your deposits aren't covered by the FDIC. If you have an account that exceeds FDIC limits and the bank goes under, you'll get access to the first $250,000 almost immediately. For the rest, though, you'll have to wait until the failed banks assets are sold off by the FDIC. And if the sale of the bank's assets doesn't yield enough cash to pay off depositors?
"There's no guarantee that they'll get 100 cents on the dollar," says Williams-Dickerson.
In fact, the average return for uninsured deposits is 72 cents on the dollar. And if your bank is caught up in the wealth-destroying subprime mortgage meltdown, you may get much less.
And of course, if you bank at an instituition that is not FDIC-insured, all bets are off. You can be sure a bank is properly insured by doing a search on the FDIC Web site.

Updated: Sept. 16, 2008​

Sponsored Stories You May Like​

​

 

[Windship]

Youd better spend more time finding whats true fool. A fool and his money....and...magna erit stridor dentium.

 

[Windship]

Ya see, my morals and actions define my character. As they do you.

 

[Windship]

When it comes down to the banks getting their money or you getting your money, lol, who do you think will win?

 

[Toddsterpatriot]

The crash isn't "coming"...it hasn't ended. When the Fed can no longer give 0% loans, the Dow will sink like a submarine with a screen door. If I were advising Trump, I'd tell him to default on the debt and get it over with.

Yes. Watch out for interest rates rising. The interest rate is key. Did ya get that todd?

Rising rates are going to improve bank profitability.
Is that why they're gonna close?
They need more time to count their profits? LOL!

Right. Because they havent been profitable enough, lol. Ok, listen up: if the rates rise and people cant pay it....just like in 2008 but that failure in capitalism has only cost us 21 trillion usd'd since then. Tel me, how do you bail out a 553 trillion derivatives market when the entire world gdp is only 78 trillion? Tell me. Id like to hear it.

Right. Because they havent been profitable enough, lol.

Profits have suffered with such a flat yield curve. You prefer the banks to lose money?

Ok, listen up: if the rates rise and people cant pay it....

Which rates are going to rise so high that people can't pay? Be specific.

Tel me, how do you bail out a 553 trillion derivatives market when the entire world gdp is only 78 trillion?

You think 553 trillion is at stake in the derivatives market?
Do you believe my $10 football bet tonight means I need to get bailed out with its $4.5 billion notional value?

Wow. Believe what you want. Ya gotta have facts to debate. Just rhetoric. You have no facts just "I want more, more, more. I know Im fat and bloated but I want more". Yes, I want the banks to lose money. Defiantly. Theyve taken it from everyone and they never deserved it.

Ya gotta have facts to debate.

I agree, let me know when you get some.

I know Im fat and bloated but I want more

I'm sorry to hear that. Perhaps you should exercise more?

Yes, I want the banks to lose money.

I thought you were an idiot. Thanks for confirming that.

 

[Toddsterpatriot]

...and then explain why the banks wont take your savings and retirement? Just in case you dont know, it is now legal for the banks to keep you money if they cant pay their bills.

What are you talking about? You're making less sense than usual.
FDIC insures deposits up to $250,000.

Lol, yeah, ok. You run with that. Lol.

I know, government protections in place, can't trust that.
Your fear of bail ins is much more reliable.

 

[Toddsterpatriot]

FDIC insurance protects your money (except when ...)

By Claes Bell • Bankrate.com
Editor's Note: On Oct. 3, 2008, Congress raised the FDIC insurance amount to $250,000. This change will be in effect until Dec. 31, 2013.
A few years ago, you probably never gave the FDIC, or the deposit insurance it provides, a second thought. But with banks falling like dominos and struggling financial institutions of all stripes in the news, you're probably wondering if there are exceptions to the FDIC's $250,000 guarantee.
It is almost always there for you. But understanding FDIC rules is worth the effort, because almost is the operative word here.
Uncle Sam practices prevention

The Federal Deposit Insurance Corp. was created in 1933 by President Franklin D. Roosevelt to insure bank and thrift deposits after people lost their money in the aftermath of the stock market crash of 1929. Deposits at credit unions are insured by the National Credit Union Administration. The agencies insure accounts up to $250,000.
"The lessons of the Depression prompted the government to act quickly to protect bank customers from disasters beyond their control," says Kathleen Nagle, associate director for consumer protection at the FDIC.
But a government's work is never done. People were confused about coverage limits on joint accounts -- which seemed to be half of those on individual accounts -- and frequently complained to the FDIC. So in 1999, the FDIC ruled that all cash in a joint account is insured on a per-person basis up to $100,000. If Joe and Jane Depositor have $200,000 in a joint checking account, the total insurance coverage is $200,000. (In October 2008, the insured amount per individual per account was raised to $250,000.)
To insure any more, the Depositors would have to find a new bank for the overflow.
Rules for CDs when banks merge

The rules for certificates of deposit depend on the maturity and term at the time of the merger:
​

• 
  
  
  • CDs assumed by another institution continue to be separately insured until the earliest maturity date after the end of the six-month period.
  • CDs that mature during the six-month period and are renewed for the same term and in the same dollar amount (either with or without accrued interest) will continue to be separately insured until the first maturity date after the six-month period.
  • CDs that mature during the six-month period and are renewed on any other basis, or that are not renewed and cashed in, will be separately insured only until the end of the six-month period.

What is insured by the FDIC? ​ Savings deposits Checking deposits Deposits in NOW accounts Christmas club accounts Certificates of deposit Cashiers' checks Officers' checks Expense checks Loan disbursement checks Interest checks Outstanding drafts Negotiable instruments and money orders drawn on the institution Certified checks, letters of credit and travelers' checks, for which an insured depository institution is primarily liable, also are insured when issued in exchange for money or its equivalent, or for a charge against a deposit account

What is not insured by the FDIC? ​ Contents in a safe-deposit box Money market mutual funds Annuities Stocks Bonds Treasury securities Any investment product whether purchased through a bank or a broker/dealer

[TBODY] [/TBODY]

Some states require that all institutions that accept deposits carry federal deposit insurance. All federally insured banks and savings and loans must prominently display the FDIC seal.
The agency insures the principal and balance on deposit accounts -- such as checking, savings and money market accounts -- up to $250,000. Certificates of deposit and trust accounts that contain cash rather than securities are also protected.
So if Joe Account Holder had a principal balance of $95,000 in his checking or money market account plus $4,000 in interest, the total amount would be insured by the agency. If Joe's cash including interest exceeded $250,000 and his bank failed, he would only have the maximum insurance coverage of $250,000.
Protecting retirement savings

But what about retirement accounts? Are they backed by the guarantee of the government? The answer is, sort of.
Under FDIC rules, bank deposits in self-directed 401(k)s and Keogh plans, Roth IRAs, SEP IRAs and SIMPLE IRAs that are owned by the same person are covered up to a combined total of $250,000.
Limits get a bit complex with employer-directed 401(k), employer-directed Keogh, pension or profit-sharing plans, but in general, money that is allocated to bank deposits in individual employees' accounts is insured up to $100,000. This is referred to by the FDIC as "pass-through" coverage.
It's important to understand that FDIC protection only applies to bank deposits in these retirement accounts. Investments such as stocks, bonds, mutual funds, ETFs and annuities that are sitting in these accounts are not covered. For example, if Joe Depositor has a 401(k) through his employer with a balance of $40,000, and 25 percent is allocated toward bank deposits, then $10,000 of Joe's 401(k) would be FDIC insured.
Who's covered and for how much?

​

• 
  
  
  • For individuals: Each bank and thrift customer's deposits are insured up to $250,000. That includes checking, savings, money market accounts, certificates of deposit and individual retirement accounts.
  • For couples: All cash in a joint account is insured on a per-person basis up to $250,000. So Joe and Jane Depositor can have up to $500,000 in a checking account that would be fully FDIC insured.
  • For beneficiaries: Individuals or couples can set up trust accounts for their children or certain other family members for a maximum of $250,00 in insurance coverage per owner and beneficiary. So if Joe and Jane have payable on death accounts for their three children, up to $750,000 in the accounts is FDIC insured (2 account holders x 3 beneficiaries x $250,000 in coverage = $750,000). The coverage can also apply to the spouse, parent, grandchild or sibling of the account holder.

The FDIC offers the Electronic Deposit Insurance Estimator, which tells customers if their accounts at an FDIC-insured institution are within the $250,000?​

The money paid out to make account holders whole when banks fail comes from the FDIC deposit insurance fund, or DIF. That fund currently totals $52 billion, says Lajuan Williams-Dickerson, an FDIC spokeswoman. Meanwhile, total FDIC-insured deposits ring in at around $4.5 trillion. So, if the DIF stands at a little over 1 percent of the total deposits it covers, how can we be sure it won't run out if there's a cascade of bank failures?
"We don't anticipate that there will be enough bank failures to deplete the $52 billion fund," says Williams-Dickerson.
But even if there was, Nagel says, "The FDIC has a $30 billion line of credit that they could draw on from the Department of the Treasury." And failing that, Nagel says, "the U.S. Congress has said that the FDIC is backed by the full faith and credit of the U.S. government."
So even if the FDIC's funds are overwhelmed by a flood of bank failures, the federal government would be there to make sure depositors got their insured funds back.
What happens if you're not covered?

All this federal protection is moot if your deposits aren't covered by the FDIC. If you have an account that exceeds FDIC limits and the bank goes under, you'll get access to the first $250,000 almost immediately. For the rest, though, you'll have to wait until the failed banks assets are sold off by the FDIC. And if the sale of the bank's assets doesn't yield enough cash to pay off depositors?
"There's no guarantee that they'll get 100 cents on the dollar," says Williams-Dickerson.
In fact, the average return for uninsured deposits is 72 cents on the dollar. And if your bank is caught up in the wealth-destroying subprime mortgage meltdown, you may get much less.
And of course, if you bank at an instituition that is not FDIC-insured, all bets are off. You can be sure a bank is properly insured by doing a search on the FDIC Web site.​

Updated: Sept. 16, 2008​

Sponsored Stories You May Like​

Thanks. It's nice when you post proof that I'm correct.

 

[Toddsterpatriot]

When it comes down to the banks getting their money or you getting your money, lol, who do you think will win?

When are the banks all gonna close? Why? Link?