re: FDIC is an insurance program

Current Events » in reply to FDIC is an insurance program that FIs are required to pay into.

TB — 8/22/2007 2:13:38 AM (archived)

Insurance is a concept that relies on few of its premium payers ever having to cash in on it. Unfortunately, Stupid Financial Tricks seem to become industry-wide in very short order.

Fire insurance ceases to work profitably when everybody in town starts playing with matches.

The whole thread (24 posts)

It might be just me - "Foreclosures: No relief in sight" - Bowser - 8/21/2007 7:32:18 PM
- Not everyone who buys a home does so for investment purposes. - alcaray - 8/22/2007 1:42:36 AM
  - That may not be the only reason. - Bowser - 8/22/2007 3:16:19 PM
    - No one ever lowered my rent. (n/t) - alcaray - 8/22/2007 7:25:55 PM
      - Doesn't apply to daily or weekly rentals. :-) (n/t) - Bowser - 8/22/2007 8:15:13 PM
    - Good point on renting - TB - 8/22/2007 3:21:58 PM
  - "...getting killed on their mortgage" - TB - 8/22/2007 2:11:07 AM
    - Do you know who's fault it is? - James Brown - 8/22/2007 3:23:01 AM
      - Try the local politicians who restrict builders - TAFKASE - 8/22/2007 5:05:34 PM
        
        Ask your local politicians why they do that. - Mary Anne - 8/22/2007 5:44:40 PM
        
        Then welcome to urban sprawl. - TAFKASE - 8/22/2007 8:40:36 PM
        
        The sewer problems disappear with lot size because of septic fields. - Mary Anne - 8/22/2007 11:04:37 PM
        
        Regulations - TB - 8/23/2007 12:57:11 AM
- Pennies in the fuse box - TB - 8/21/2007 8:39:33 PM
  - FDIC is an insurance program that FIs are required to pay into. - alcaray - 8/22/2007 1:44:15 AM
    - re: yes but... - TAFKASE - 8/22/2007 3:40:20 PM
      - Do you call it a bailout when your auto insurance fixes your car when you get rear-ended? (n/t) - alcaray - 8/22/2007 7:14:38 PM
        
        Yes if they decide to cover my $5,000.00 deductable... - TAFKASE - 8/22/2007 8:42:13 PM
        
        you get what you pay for (n/t) - alcaray - 8/22/2007 11:11:22 PM
        
        Gee Scott......... - Lindy - 8/22/2007 10:38:35 PM
        
        Yeah,,, - TAFKASE - 8/23/2007 2:10:16 PM
    - re: FDIC is an insurance program - TB - 8/22/2007 2:13:38 AM
      - FDIC is very healthy. It is flush with cash. And it isn't taxpayers' cash. (n/t) - alcaray - 8/22/2007 3:32:42 AM
  - Will the markets crash? - Lindy - 8/21/2007 11:00:57 PM

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