Tell me again how much money we need to bail out who?
All the politicians and political pundits need to sit down and STFU! All they have acheived is to create panic by yelling that the sky is falling!
Let the free market work and stop trying to influence the election!
Don C |
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There is NO WAY that Nobama can take credit for this. He has been hiding somewhere in a hole.
This is what you could expect if Nobama were president and a crisis happened.
"Call Me" Nobama |
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I agree with what you are saying about confidence. WaMu would have failed regardless. However, there are lots of banks in danger right now. By raising the FDIC you lower the risk of these banks having runs which would lead to their demise. |
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Raising the FDIC limit is not about protecting banks from failure. The higher limit would have done nothing for WaMu. The limit is about helping to restore public confidence in banks. Hugh was right, the practical effects of this are merely to make it easier for depositors to limit the number of banks they have to deal with. |
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LOL! Well, I meant besides the obvious reasons. :) |
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You asked why would democrats reject it? Because democrats reject any and everything that makes sense. That is obvious. |
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I use to think the same thing. However, there are over 9,000,000 accounts with balances over $100,000. With tough times like these we run the risk of having several banks fail if we do not raise the FDIC limit. |
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So it was the Republican idea and the reactive Obama follows along. At least he mustered up the good sense to jump aboard. Before it is over 'O' will try to take credit for initiating the plan, as he often misleads and takes unde-served credit. The emptysuit/mind can't win on his own leadership so he dreams up whatever will make him sound good and win for him! The puppet 'O' plays it safe, waiting for the public opinion, polls and his handlers to pull his strings before he stands! God help America. Ex Democrat |
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Give John Fund a call Matt. He reports that the FDIC limit can be raised by executive order without Congressional order. Bush can make it so today. Just like the mark-to-market issue.
This is just like the amnesty debacle where the government absolutely refused to perform its constitutional duty to secure the border unless a "comprehensive" socialist agenda was enacted first.
Pathetic.
This is your one-party socialist government in action folks. Could we stop reaaching across the aisle already?
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Anyone who currently has over $250,000.00 in banks has it spread into different accounts at different banks anyway. I always leave only $90,000.00 in any single account and make sure it never exceeds the $100,000.00 FDIC covered amount.
So what if I have five accounts, so now I'll only need two accounts. Big Freakin Deal. |
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Democrats support ACORN and the Community Reinvestment Act (CRA) which is responsible for this mess yet do not want to raise the FDIC which will help out everyone and more importantly responsible people who live within their means! They are UNBELIEVABLE! |
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The news media is crediting Obama for this, completely ignoring that the House republicans proposed it and were slapped down.
Only Fox gives McCain a passing mention regarding credit for this idea.
In a tough race, this type thing matters a lot.
argh. |
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to get into the white house. It's just another lie from a known liar. |
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FDIC should actually raise the limit to $1,000,000. But since liberals have such a limited, actually that is being generous, zero understanding how the economy works I am not surprised they were opposed to the increase in the FDIC limit. |
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And why would Democrats reject it? Although it seems to be to be mere spitting the wind of the financial hurricane. |
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