FDIC

this is a repsonse to Nate's question about FDIC insurance...i kinda got lost in the typing of the response so i just decided to make a new thread. i know, we just had the debates and i'm not even writing about them! well, i've only seen like 5 minutes, i had class until 9:20 - but what i have seen confirmed what i already knew - both parties are big government jerks. anyway - on to the post!

speaking of fdic insurance...
so now all of our deposits are covered up to 250,000! isn't that great?! i love when money comes out of thin air to the rescue at the behest of the government :-)
i mean, one would think that with all of the recent failings and the money the fdic was committing/using to secure peoples deposits in these crappy/immoral banks, that if anything the coverage would be lowered as the fdic funds depleted; i mean, if they don't have the money how could they pay?

oh but that is just a silly question to ask the government!

instead of a rude awakening to the twisted reality our politicians, and their shadowy masters, have gotten us in, we have all been treated to the news that now we are covered by 250,000 bucks instead of the paltry 100,000 (i don't know about you but i was way worried that fake money fairy wasn't going to protect me).
and because of the crappy state of banks (which crappiness calls into question the willingness of the fdic (the i stands for insurance, not insolvent-giver-away-of-money-to-crappy-risky-immoral-banks)) they can't ask for higher premiums because...the banks can't pay...

...wait i know the answer to this...
...that won't stop the government!

with the newly nationalized banks they'll be able to pay
anything to anyone whenver because money won't have any value anymore! (but they haven't gotten the bailout just yet...and even then they won't pay the fdic anymore than they are now)!

so this like a home owner in new orleans, in the midst of hurrican season, getting a letter from their home owners insurance saying, "hey, we've pretty much lost all of our money, and your house is probably going to get flooded or destroyed sometime soon...so we've decided to give you more than double your coverage!! and at no additional cost to you :-*"

it doen't make sense to anyone but politicians and the those who own them.

ps

i just thought of this! this is hilarious! so the people on wallsreet are like "crap, we bet way bad and our money is all gone...but we do have a littel left...i know!! lets make the fdic increase their deposit insurance, then we'll liquidate what crap stock we have left, put in the bank, and when it fails we'll get a bailout for not just our utterly horrible debt (see previous post) but our marginally bad stock as well!"
only in america baby!!!