Feb 25 2010

The Ultimate Ponzi Scheme – FDIC is Backing $5.3 Trillion through the Deposit Insurance Fund that now has a Balance of -$20.8 Billion. FDIC has Cash and Marketable Securities of $66 Billion. Is that Really Enough to Back Every Account for $250,000?

The FDIC is running the biggest confidence game in the country.  The FDIC is now protecting through the Deposit Insurance Fund (DIF) some $5.3 trillion in deposits in banks across the country.  All of this is secured by an insurance fund that is now in the negative by $20.8 billion.  In the middle of this […]

Feb 11 2010

FDIC and Federal Reserve Protector of the Big Banks – Four Institutions with Bank of America, JP Morgan Chase, Wells Fargo, and Citibank make up 55 Percent of all FDIC Backed Assets. Big Banks Pillaging the Middle Class.

The FDIC provides deposit insurance at 8,099 institutions.  Collectively the FDIC overlooks $13.247 trillion in assets at these institutions.  Instead of feeling protected you should feel weary because the FDIC deposit insurance fund is insolvent.  Now the assets at these institutions range from softer side financial instruments like CDs and regular deposits but keep in […]

Nov 24 2009

13 Million Negative Equity Homeowners and Negative Equity FDIC: The Shackles of Debt Leverage on the American Economy. FDIC $8.2 Billion in the red with 552 Troubled Banks on the Revised List.

The third quarter was devastating for banks and homeowners.  To show the growing divide between Wall Street and the American economy, the FDIC just released its third quarter banking profile.  The FDIC fund is not only broke, it is now in the red to the sum of $8.2 billion.  We’ve been warning that the fund […]

Nov 22 2009

FDIC Broke and Selling Real Estate: How $13 Trillion in Assets is Protected by no Deposit Insurance Fund. FDIC Selling Properties to Replenish Fund and Collecting Early Fees.

The FDIC, that enigmatic seal of security on your bank entrance, is virtually bankrupt.  The FDIC provides deposit insurance to over 8,000 banks that collectively hold $13 trillion in assets.  We can question what those assets are really worth since many of these institutions hold $3 trillion in commercial real estate loans and defaulting residential […]

Nov 1 2009

Plan C as in Commercial Real Estate – FDIC: 115 Bank Failures in 2009. Total Assets of FDIC Insured Banks $13.3 Trillion. $3 Trillion Backed by Shaky Commercial Real Estate.

It is one thing when a few analysts say that commercial real estate, that $3 trillion elephant in the room, is going to experience trouble starting next year.  It is another thing when billionaire investor Wilbur Ross comes out and states that commercial real estate is going to crash and burn.  We’ve been looking at […]

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