Money in your bank may not be as safe as you think

It may be time to think about using your mattress instead of trusting bankers. More at raw story.

Also today the FDIC is requesting new funding. The chairman of the Senate Banking Committee, Dodd, plans to introduce a measure that will  raise the borrowing authority to a permanent level of $100 billion and temporarily increase it to $500 billion through Dec. 31, 2010. The FDIC is borrowing tax payer money to cover the banks losses of the tax payers.

Leave a Reply