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Post by weebitty on Jul 10, 2009 12:50:58 GMT -5
Ok the FDIC is broke from bailing out all the banks. Now the credit unions have a different insurance they use to protect their depositors. The government has decided to take over that part too which has billions of dollars in it. They were a separate entity but not anymore!!! Just like social security was at one time. I was with a credit union just for this reason now I will be looking to put money else where I guess. Trust the government??? not with my money I won't! Didn't know if anyone was aware of this or not. just thought I would put it out there, in case anyone was interested.
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Post by havingfunnow on Jul 11, 2009 11:40:44 GMT -5
Thanks, I did not know this. I will ask a friend who has a Masters in Financial Planning about it, and get back to this.
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Post by Connie on Jul 30, 2009 10:43:02 GMT -5
How were they able to just take over if it wasn't part of the FDIC and if they didn't want or need a bailout? Do you have a link to a story about this?
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