We’re always told not to worry about our bank failing because our deposits are insured up to $100,000 by the FDIC. Well, in case you were wondering what happens when a bank actually does fail, look no further than the great state of California, where IndyMac has been taken over by federal regulators and its customers are getting a taste of all the FDIC has to offer.
We’re hearing reports of customers being kept outside of the banks for ours, forced to line up in the sweltering heat, and being threatened with arrest if they get upset about it.
From the L.A. Times:
In exactly which manual of customer service does it say the following: When your customers arrive at your place of business, do not open the doors and invite them inside. Instead, guard the doors and tell your customers to wait for hours in the sweltering heat outside. If they grow restless, threaten them with arrest.
There’s no reason to stand outside the bank and wait in line. It’s not like the first person in line will get more money.
Let’s see. . . the banks made money providing the loans on an up market, making money in excessive fees and other BS. The buyer’s ability to pay – who cares, the house is increasing in value. The bank forecloses on a default – the person that couldn’t afford the house in the first place. The bank resells the house at a profit to yet another sucker – I mean buyer – who can’t afford the house. The senior management and brokers get nice fat bonuses. The buyers – who should have had more common sense loose everything and are literally on the street – who cares! The housing market crashes, the banks can’t off load the foreclosed houses. The taxpayer gets stuck with the bill. KY anybody – again It’s time for change – BIG TIME
#19, #20
See, Bobbo, that’s the great thing about this country. You can criticize anyone you want and Dr. Dodd can tell you to leave. But, you don’t have to leave!
Allow me to exercise my 1st amendment rights. Dr. Dodd, please do us a favor and off yourself.
#20: Dang, paragraph 3 sounds like a quote by Walter Sobchak in “The Big Lebowski”.
I am impressed sir!
#23 fATTY
Wishing for someone to die because they don’t agree with you? Your dormant brain must be numb for lack of use. Well of course it is, look what you wrote.
#24 KilgoreTrout
Sorry, I never saw the movie. However if what I said is not in there… it should be.
15
Would you rather make love, or get raped? They both look the same to the casual observer.
#25–Dr D==thats your analysis? There is a difference between leaders and government and the land? So==when I go out on a 7 day cross country tramp and dig a whole to shit in and burn the toilet paper or leaf, and cover the hole up, am I showing disrespect to the land?
Seriously==the country, the land doesn’t give a shit about anything. Anybody trying this dodge needs to be put on fire and be covered in dirt—if you get my meaning. And yet political movements get elected on such crap.
#27 bobbo
Not much surprise you would miss the whole meaning. Pearls before swine.
#28–Dr D==”the country” or “the land” or “the place” never do anything good or bad. They are abstract concepts. In context, EVERY reference to the USA doing something good or bad IS about the leaders or the government. Trying to defend people by wrapping them in a holy image of the Flag or Country really is the last refuge of a scoundrel. The USA should not torture people. What can that possibly mean except our leaders and government? What part of Pennsylvania do you think waterboarded people in Gitmo?
Dr D==you got some serious gaps in your conceptualization of realty.
I don’t get it – why would anyone line up at the bank? Who actually has savings in a bank these days? I thought everyone had a mortgage that they couldn’t pay and crushing credit card debt.
#20, Dr. Duh,
If someone wants to criticize the leaders and/or government that are responsible for failures then by all means go for it. Heck I’ll even help. But to criticize the country, the land, the place, then that’s where I draw the line.
I think you need a reality check here. The “ leaders and/or government” is synonymous with “ country, the land, the place”.
Too many good people have given their lives for us to have a great place to live. To diminish their sacrifice is an insult and that’s something I just won’t do.
TRANSLATION:, You’re OK if I agree. If I don’t agree you are unpatriotic, a piece of socialist shit, un-American garbage, and unworthy of living here. I never wore a uniform to defend my country from attack but that doesn’t stop me from using the image that I did to denigrate you traitors.
So fuck all you true Americans, us pseudo patriots just don’t care about you.
#31 Mr. Fusion
Well you’ve certainly twisted what I said to meet your own psychotic interpretation. But all is not lost for your words do say a lot about you.
#32, Dr. Duh,
If I misinterpreted what you wrote and their meaning then please set the record straight.
Is it or is it not permissible for someone to criticize their government and branches thereof?
Do you or do you not afford the same consideration of free speech you demand for yourself?
Did you or did you not suggest a poster move to a totalitarian country because you disagreed with what he had to write?
#33 Mr. Fusion
I see that your education is lacking in the meaning of patriotism. This is understandable considering the barrage of lies and negative indoctrination being spewed from various quarters.
>True, True and True. Aced that one!
#34, Dr Duh,
Why do you and your ilk hate America?
BTW, you scored wrong, wrong, and wrong. They aren’t True or False questions.
#30 “I don’t get it – why would anyone line up at the bank? Who actually has savings in a bank these days?”
And if they did, why would they put more than $100,000 into one bank?
A bank transfer will be held up until the regulators can determine if there is enough money to go around. Cash is cash and absolute.
#11 MikeR where in Canada do you live? I have never had that experience and I have been in every province in Canada.