http://www.abductedcow.com/wp-content/uploads/2014/12/ac-reverse1.png 0 0 wadeferd http://www.abductedcow.com/wp-content/uploads/2014/12/ac-reverse1.png wadeferd2008-09-26 09:32:512008-09-26 09:32:51WaMu
The largest bank failure. Ever.
Federal regulators had been trying to broker a deal for Washington Mutual because a takeover by the F.D.I.C. would have dealt a crushing blow to the federal government’s deposit insurance fund. The fund, which stood at $45.2 billion at the end of June, has been severely depleted after suffering a loss from the sudden collapse of IndyMac Bank. Analysts say that a failure of Washington Mutual would have cost the fund as much as $30 billion or more. – NYT
That sucking sound you hear? That’s your standard-of-living being sucked down into a bottomless pit of debt corruption and corporate greed. This is probably what the prison shower feels like the second you accidentally drop the soap.
wait, what, you mean a government program wasn’t funded with enough money to provide the service that it was made to provide. i don’t understand, would it help if i send a check today to all the concerned politicians to help them make a new and improved FDIC. i’m sure it would, they are smart people and are great at using my money efficiently.
hey b…as soon as your not one of the people in this country walking around with credit card debt ( left over from yor first wifein fiscal year 2001 and we are talking about hot air ballon rides to in napa, not strating a buisness or anything constructive) then maybe o can coment about people living beyond their means ( this whole mess) as you are one of the people living the american dream that I DEBT FREE will pay for.
and besides this is your boy that 4 years ago you voted for and said he was a strong man you sat in your living room and after voting for an clapped when he won is doling out all this cash…