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i did no such thing, all posts have timestampts, when one edits it, timestamp updates...
No, it doesn't update the timestamp. You know what you edited and could have just been honest about it. :)
It previously said:
corntrollio says
Fannie and Freddie do not serve the White House, but they are under conservatorship of FHFA, so they can by other corporation, the majority shareholder can dictate what happens to some extent.
you cut out a line -- but you now fixed it to what I actually said.
You mean "Account Holders" are covered up to the limit of 250K. What does that say about individuals with over the limit
Who are these stupid people who are sophisticated enough to have this amount of cash in an account but too unsophisticated to figure out how to make sure all their money is FDIC insured? :) Banks make this easy for you.
Trying to pay out the top Fortune 500 company like GE, HP, Exxon, etc etc bank balances which is in the BILLIONS-TRILLIONS would wipe out FDIC several times over. The whole global economy would have come to a halt. The "deep abyss" we heard about.
GE can negotiate terms with its banks and negotiate insurance too. This wouldn't be FDIC-covered anyway.
Why do you think the stock market with all the industries tanked in late 2008 ? Except for keeping their cash in the bank they had very little to do with the Banks.
opps .. sorry GE we really dont have your demand checking account available to pay your employees and vendors. NSF.
As tatupu said, this had nothing to do with what you're talking about. This had to do with credit (including commercial paper, which is why money market funds got hit), not funds availability. This is well-documented, so it's a strange and uninformed argument for you to make.
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I just wanted to let everyone know that Freddy Mac bought my 4.38% 30yFixed from WellsFargo, who had bought it in Sep from Bank X that originated my loan. Would someone please explain why Freddy Mac is buying morts from Wells Fargo? My loan might be a good gamble, because it is a full conventional, 80% of actual lender appraised value, loan. Does Freddy just go around buying loans from banks? Educate me folks.