Winner 2013 Webby Awards for Best Political Website
Top Banner, Site wide
Apr 18, 2014

 Choose a size
Text Size

Top Leaderboard, Site wide

Star-Spangled Baggage
Science Finds New Routes to Energy




The Divide


Truthdig Bazaar
The New Old World

The New Old World

By Perry Anderson
$26.37

more items

 
A/V Booth

FDIC Helping Banks Turn Profit

Email this item Email    Print this item Print    Share this item... Share

Posted on Feb 27, 2010
thinkbigworksmall.com

Want to see how the FDIC works with banks to help them turn a nifty profit on short sales and foreclosures? The folks at Think Big, Work Small detail how it happens.

Check out the video: http://www.thinkbigworksmall.com

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By Timestyx, April 8, 2010 at 3:08 am Link to this comment

I don’t think anyone begrudges business banks turning a profit here and there, but there deinitely needs to be some scrutiny and increased regulation on lending and short selling.

Report this
RAE's avatar

By RAE, February 28, 2010 at 8:10 pm Link to this comment

Nobody I know has voiced an objection to any business making a profit just so that it would be judged a fair amount by a reasonable person.

Here we are just a year or so down the road from the brink of a financial disaster that seems to have required our political masters to simply hand over OUR money to these private corporations just to keep them afloat and to stave off an even worse calamity.

I sure wish someone would explain to me how banks on the brink of total collapse just a few short months ago, are now posting PROFITS IN THE BILLIONS.

While you’re at it, please explain how these profits are somehow related in a reasonable measure to the worth these outfits are to the PEOPLE. I mean, in exchange for the BILLIONS they’re taking in PROFIT, (while tens of thousands of small business are failing because of the mess these “bankers” have made of our economy), WHAT DO WE GET AS VALUE FOR OUR MONEY (it IS our money isn’t it - I mean, the banks don’t actually make or do anything, do they?)

The only thing of value that I’ve ever gotten from a financial institution is perhaps a calendar in December. All our other meetings have resulted in me getting screwed one way or another. I’ve never seen a bank or banker do ANYTHING but shove paper around and punch numbers into a computer, apparently making money “appear” out of thin air.

I’m no economist or great financial whiz kid - but I can recognize a scam, especially the planet sized frauds these banks commit. It’s the greatest rip off ever invented. You go for a loan. The bank, after they nearly wear our your kneepads making you beg, turns to their computer and, by magic, MANUFACTURE MONEY THAT DOESN’T EXIST AND DEPOSITS IT TO YOUR ACCOUNT. Takes them seconds… and will take you YEARS of sweat and toil to earn that money and a huge whack of interest to repay that “loan” that wasn’t the bank’s money (didn’t exist) in the first place. What a collosal fraud!

And there’s not one damned thing any of us can do about it. The banks own us, our governments, and almost every piece of valuable real estate in the country.

Oh yes… the topic… the FDIC. Would someone please direct me to a list of the “depositors” who have “lost” their bank accounts and to whom the FDIC has reimbursed their loss. I mean, if the FDIC is an Insurance Company they must have paid out some claims.

So… I ask again… to WHOM and HOW MUCH? I read frequently in the paper that dozens of banks have gone belly up or have been closed for some reason. Is the FDIC giving all the depositors 100% of their money back?

Report this
MarthaA's avatar

By MarthaA, February 28, 2010 at 7:45 pm Link to this comment

That certainly appears to be a lot of bank help.  Now, it is time for the populace to get some help.

Report this

By Vic Anderson, February 27, 2010 at 8:57 pm Link to this comment
(Unregistered commenter)

FDICs!

Report this

By rollzone, February 27, 2010 at 7:22 pm Link to this comment

hello. he says he is going to spend most of his time, energy, and resources on health care reform, cap and trade, and scratch my butt… financial reform. the banking industry is working with the government to take all the money from the American people. after a year of flapping his jowls every available moment, we are all worse off. this is making it very difficult for me to support his next term, but i believe he is going to do the right thing for America: and declare his global independence (in my wet dreams).

Report this
Newsletter

sign up to get updates


 
 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.