2) FDIC may borrow funds from banks

New York Times

"Tired of the government bailing out banks? Get ready for this:

officials may soon ask banks to bail out the government. Senior

regulators say they are seriously considering a plan to have the

nation's healthy banks lend billions of dollars to rescue the

insurance fund that protects bank depositors. That would enable the

fund, which is rapidly running out of money because of a wave of bank

failures, to continue to rescue the sickest banks." (09/21/09)


One gets the feeling that a giant game of musical chairs is being played with the money supply.

Love & Liberty,
        ((( starchild )))

Mainly because the banking monopolies, the Federal Reserve Board, and the US Treasury Department are the basically run by the same people. If we had a direct government takeover of the banking system, it wouldn't be materially different than it is now. It's time to close all these institutions down as criminal enterprises, and go back to the Gold Standard.

Except at least chairs are real.