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FDIC could be insolvent within the year
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catamount man
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ASUMountaineer
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Re: FDIC could be insolvent within the year
When I worked in the banking industry, the FDIC was always a laughing matter. They had a "reasonable" amount of time to pay back your $100,000 (or less) in insured deposits if a bank failed. Who determines said "reasonable" amount of time? FDIC. It wasn't worth a whole lot, and this is why. We all knew it. In NC, if you owned a fixed annuity, the insurance companies were required to set aside money to match the value of the annuity dollar for dollar up to $300,000. That's worth more than FDIC.
Appalachian State Mountaineers:
National Champions: 2005, 2006, and 2007
Southern Conference Champions: 1986, 1987, 1991, 1995, 1999, 2005, 2006, 2007, 2008, 2009, 2010, and 2012
NO DOUBT ABOUT IT! WE'RE GONNA SHOUT IT! NOTHING'S HOTTER THAN A-S-U!
National Champions: 2005, 2006, and 2007
Southern Conference Champions: 1986, 1987, 1991, 1995, 1999, 2005, 2006, 2007, 2008, 2009, 2010, and 2012
NO DOUBT ABOUT IT! WE'RE GONNA SHOUT IT! NOTHING'S HOTTER THAN A-S-U!