Posts Tagged ‘criminals’

Do You Trust Corporations To Care For You?? FDIC and FED Reserve Are Both Corporations!!

Tuesday, September 16th, 2008

AND LEHMAN BROS WERE ONE OF THE TOP TEN SHARE HOLDERS IN THE FEDERAL RESERVE CORP AND HAD JEB BUSH ON THEIR BOARD!! HOW DEEP DOES YOUR TRUST GO?? MINE COMPLETELY RAN OUT YEARS AGO!!

Run On The Bank? Americans Could Lose Their Deposits
By First They Ignore You
You know it’s bad when Yahoo.com features a story about fiscal armageddon
http://www.ewagz.com/blogs/702/Run-On-The-Bank-Americans-Could-Lose-Their-Deposits.html
Paul Joseph Watson
Prison Planet
Tuesday, September 16, 2008

You know things are bad when Yahoo.com, the most trafficked website in the world and usually a purveyor of mindless celebrity gossip, cooking tips and dating advice, features a top story about how Americans could lose their bank deposits following the collapse of Lehman Brothers.

For the Internet giant to prominently report that there is already a “slow motion run on banks” is indeed a landmark event, and precludes even the most ignorant American from claiming they were not forewarned about the unfolding economic catastrophe.

The article points out that although the Federal Deposit Insurance Corp. guarantees individual accounts up to $100,000, the FDIC fund only has about $50 billion to “insure” about $1 trillion in assets across the nation’s financial institutions.

When Americans realize the fact that banks are “going to run out of money”, the article nonchalantly states, a run on the banks will accelerate.

The warning comes from top economist Nouriel Roubini, of NYU’s Stern School and RGE Monitor, who correctly predicted the severity of the credit crunch. Roubini says there is already a “slow-motion run on retail banks” occurring nationwide.

He advises that people with accounts over $100,000 in value should at least spread them out among different firms