How can the FDIC pay out to millions of people their money if banks go bust?

Answers:0   |   LastUpdateAt:2012-09-11 20:40:04  

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paul miller
Asked at 2012-09-11 20:40:04
We supposedly insured up to $ 150,000 , but who pays for that? Does the Govt get another loan from China to pay 58 million Americans who have accounts at Bank of America ? will not have the money, I do not think so . Where do you think the money will come from to reimburse us? And, just to make partial payments for several months or give notes ? California , we are told may issue IOUs instead of tax returns. Bank of America needs another loan and feel safe banking with them . What bank is safe ? Wells Fargo ?
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