FDIC insurance........reliable or not?

[Fishhead24]

Say Countrywide goes under.......are banking funds truly safe there for investors/savers because of the FDIC insurance?

Some individuals don't believe so.

Thoughts?

Thanks,
-fh-

[hlacheen]

Some individuals are paranoid.

Funds are safe up to 100K per account

[gonebroke2]

FDIC will pay out. The FED will just print money to make up any potential shortfalls in FDIC reserves.

[emon87]

Duh ------ The FED will just sell off all the .... IOWA FARMLAND---- that the FED just made a TON of MONEY on ----- in the past TWO YEARS and then have PLENTY to cover ..... up to 100 THOUSAND for each PERSON----- Then buy INVESTMENT ART to get the MONEY back in TEN YEARS.......

[brendanb438]

Why don't the feds just sell off some of their beautiful Alaskan beachfront property they have?

[gordongecko]

[ QUOTE ]
Why don't the feds just sell off some of their beautiful Alaskan beachfront property they have?

[/ QUOTE ]
because it's easier to just print money

[jaydub]

[ QUOTE ]
Some individuals are paranoid.

Funds are safe up to 100K per account

[/ QUOTE ]

Historically FDIC has paid in full, the 100K has not to my knowledge been relevant.

J

[cbloom]

[ QUOTE ]
[ QUOTE ]
Some individuals are paranoid.

Funds are safe up to 100K per account

[/ QUOTE ]

Historically FDIC has paid in full, the 100K has not to my knowledge been relevant.

J

[/ QUOTE ]

WTFBBQ ?

[jaydub]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Some individuals are paranoid.

Funds are safe up to 100K per account

[/ QUOTE ]

Historically FDIC has paid in full, the 100K has not to my knowledge been relevant.

J

[/ QUOTE ]

WTFBBQ ?

[/ QUOTE ]

Yeah, that makes sense. khdskfhsdhfjsakdfjas

Are you saying that there has been a case where the 100K(ish) FDIC limit became materially relevant?

J

[Fishhead24]

COUNTRYWIDE cutting employees today......ugh.