Bulgarian banking system under attack

[Erdogan]

This is coming to a bank near everyone someday.

At first there will be delays and hopefully they will be able to get printed cash to fill the demand for deposits of their customers.

Get ready everyone.

Not likely to happen in the US with FDIC insuring peoples accounts...The government would just print the money and cover the shortages....Whether its the bank creating money or the government creating money it doesn't matter, they are all intertwined and in cahoots with each other to keep their 'fractional reserve' banking scam alive and kicking...

The FDIC has 50 billion dollars - probably in the form of bank deposits. It's a joke. The implicit guarantee from the government is what you have to rely on.

The FDIC does not need more then that much. Many banks have failed over the past several years and the FDIC was able to make deposit-holders whole. Most banks that fail are very small with only a few billion in deposits at most.

Yes FDIC is sufficient when a small local bank out in the wilderness goes bust. That's exactly what I said.

[Ron~Popeil]

This is coming to a bank near everyone someday.

At first there will be delays and hopefully they will be able to get printed cash to fill the demand for deposits of their customers.

Get ready everyone.

Not likely to happen in the US with FDIC insuring peoples accounts...The government would just print the money and cover the shortages....Whether its the bank creating money or the government creating money it doesn't matter, they are all intertwined and in cahoots with each other to keep their 'fractional reserve' banking scam alive and kicking...

FDIC doesn't have enough fund to cover more  than 3-4 international banks going bust in the same year. If you are talking about Fed bailing out FDIC also, then yes, the bail out can be artificially any amount until the creditor nations stop accepting USD for balance of payment.

1 or two Chase or Bank of America types going down in a short amount of time would snowball into something huge. These banks are so incestuous that a shock affects the entire system.

[tmobileguy]

This is coming to a bank near everyone someday.

At first there will be delays and hopefully they will be able to get printed cash to fill the demand for deposits of their customers.

Get ready everyone.

Not likely to happen in the US with FDIC insuring peoples accounts...The government would just print the money and cover the shortages....Whether its the bank creating money or the government creating money it doesn't matter, they are all intertwined and in cahoots with each other to keep their 'fractional reserve' banking scam alive and kicking...

FDIC doesn't have enough fund to cover more  than 3-4 international banks going bust in the same year. If you are talking about Fed bailing out FDIC also, then yes, the bail out can be artificially any amount until the creditor nations stop accepting USD for balance of payment.

1 or two Chase or Bank of America types going down in a short amount of time would snowball into something huge. These banks are so incestuous that a shock affects the entire system.

When you have the money press like the US government, whats to stop you from just printing up the needed money to float even large banks like that to avoid such a thing happening?

[ShakyhandsBTCer]

This is coming to a bank near everyone someday.

At first there will be delays and hopefully they will be able to get printed cash to fill the demand for deposits of their customers.

Get ready everyone.

Not likely to happen in the US with FDIC insuring peoples accounts...The government would just print the money and cover the shortages....Whether its the bank creating money or the government creating money it doesn't matter, they are all intertwined and in cahoots with each other to keep their 'fractional reserve' banking scam alive and kicking...

The FDIC has 50 billion dollars - probably in the form of bank deposits. It's a joke. The implicit guarantee from the government is what you have to rely on.

The FDIC does not need more then that much. Many banks have failed over the past several years and the FDIC was able to make deposit-holders whole. Most banks that fail are very small with only a few billion in deposits at most.

Yes FDIC is sufficient when a small local bank out in the wilderness goes bust. That's exactly what I said.

Even though the FDIC has the guarantee of the federal government, it is suppose to be self sufficient, that is that the premiums collected by the FDIC from the banks should cover any losses from failed banks.

[Erdogan]

This is coming to a bank near everyone someday.

At first there will be delays and hopefully they will be able to get printed cash to fill the demand for deposits of their customers.

Get ready everyone.

Not likely to happen in the US with FDIC insuring peoples accounts...The government would just print the money and cover the shortages....Whether its the bank creating money or the government creating money it doesn't matter, they are all intertwined and in cahoots with each other to keep their 'fractional reserve' banking scam alive and kicking...

The FDIC has 50 billion dollars - probably in the form of bank deposits. It's a joke. The implicit guarantee from the government is what you have to rely on.

The FDIC does not need more then that much. Many banks have failed over the past several years and the FDIC was able to make deposit-holders whole. Most banks that fail are very small with only a few billion in deposits at most.

Yes FDIC is sufficient when a small local bank out in the wilderness goes bust. That's exactly what I said.

Even though the FDIC has the guarantee of the federal government, it is suppose to be self sufficient, that is that the premiums collected by the FDIC from the banks should cover any losses from failed banks.

Again, this is what I said. What it is supposed to be, is not the same as what it is.