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If You Could Write a New FDIC (Insurance) Sign for Banks

PostPosted: Wed Dec 07, 2016 12:21 am
by Recyclersteve
The current sign which the FDIC displays prominently in most any bank you could go to says...

"FDIC

Each Depositor Insured to at least $250,000.

Backed by the full faith and credit of the United States government

Federal Deposit Insurance Corp. www.fdic.gov"
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If you could modify or altogether rewrite this sign, what would you say? For instance, if there was an asterisk and footnote saying "Maximum aggregate protection against all accounts combined is limited to 2%.", that would at least be a step in the right direction.

What would you say?

Re: If You Could Write a New FDIC (Insurance) Sign for Banks

PostPosted: Thu Dec 08, 2016 12:52 pm
by commoncents
FDIC

If one bank folds, the feds make your account good to $250,000
If many banks fold, you make them good up to $250 Trillion

Re: If You Could Write a New FDIC (Insurance) Sign for Banks

PostPosted: Fri Dec 09, 2016 5:08 pm
by coppernickel
commoncents wrote:FDIC

If one bank folds, the feds make your account good to $250,000
If many banks fold, you make them good up to $250 Trillion


That is snort your Coke funny! :clap:

Re: If You Could Write a New FDIC (Insurance) Sign for Banks

PostPosted: Sat Dec 10, 2016 12:07 am
by johnbrickner
New FDIC sign put up or in front of a bank?

"If this bank goes under, we'll hang the *astards".