Adding Reply Archived Topic: It will not be bumped to the top of the forum. Topic Collapse, bailout, and the FDIC. Membername   Not a member? Sign Up Free (takes 20 seconds) Password   Forgotten your password? Post Font: Verdana Arial Black Georgia Comic Sans Impact   Size: Tiny Normal Big Huge   Color: Default Dark Red Red Orange Brown Green Olive Cyan Blue Dark Blue Indigo Black [ Check Spelling ] [ Post Preview ] [ LiveTags ] FAQ Keyword Search: Post Options Favorites Manager Notify me of new replies to this topic by email Notify me of new replies to this topic by private message Original Post shadowpool Posted at 12:17 am on Oct. 6, 2008 I've been doing some research on what's going on right now, and I thought I'd share some info with LW. If you have corrections, comments, and other info, please post it.   Info on the massive and important derivatives mess no one talks about--   It's The Derivatives. . . A beginners guide to credit default swaps (CDS) The Financial Meltdown Explained in Ten Minutes Credit Default Swaps The fundamentals-- Dow Jones Headed for 3000 Some interesting points on the bailout--   Banks don't need to have money anymore!? $6 million to manufacture wooden arrows Bailout not helping us: Some info on the FDIC--   The FDIC has to pay you "as soon as possible." There is no specific time limit after which they have to pay you. (. . . payment of the insured deposits in such institution shall be made by the Corporation as soon as possible. . .) They have limited funds--about $52 billion. (The ~$52 billion) The Treasury will lend them up to another $30 billion. (. . . not exceeding in the aggregate $30,000,000,000 . . .) Washington Mutual had $188 billion in deposits. (Wamu's $188 billion in deposits) The FDIC can easily run out of money, and if no other banks are willing or able to buy your troubled bank, you may not be able to access your money for quite a while.

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