| aug 27 2008 | | Federal Deposit Insurance Corporation. | First the banks fail. Now the FDIC that insures the depositors accounts from bank default is running out of money. They will have to go to the Treasury for a tax-payer hand-out. But don't worry because Ben there is no problem Bernanke will just print more dollars. Sure that's bad for the average American as it is inflationary but it is a bit late to worry about giving the American economy another blast of the cardio-paddles. Just keep the corpse going a bit longer before the funeral. Buy gold.
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