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#1 | |
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Avalon Senior Member
Join Date: Sep 2008
Location: SoCal
Posts: 10
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#2 | |
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Avalon Senior Member
Join Date: Sep 2008
Location: USA
Posts: 454
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Was this story economic terrorism?
Problem- Banks will close for one week Reaction- American Public: "Congress, do something to stop this NOW!" Solution- Pass (still vague) Bailout Bill Certainly we need to be vigilant in order to catch the PTB in or (hopefuly) before the "act". I think this eternal vigilance, though, leaves us susceptible to this sort of fear based pschological terrorism. I'm not saying that anyone here necessarily was duped by this scam (unless after hearing this news last night, you e-mailed your congressional reps and demanded the bailout be passed). FDIC insures your deposits up to $250,000 (recently increased from $100,000). Now I have just read that the FDIC only retains about $50 billion to cover $1 trillion in public funds. Even so, I always have enough cash to cover a week (at least) as I'm sure many of you do. I am syaing that ostensibly it looks like the reason the bailout was passed, was because of the sort of fear generated by rumors like this. We need to analyze the info we receive very carefuly, but even more importantly perhaps, the reaction to said info. Quote:
I like the end too. |
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#3 |
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Avalon Senior Member
Join Date: Sep 2008
Posts: 147
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Listening to Zeitgist Addendum, it ocurred to me that all homeowners have legal grounds for refusing to surrender their homes to a bank. To the builders, maybe...but not to the banks...
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