Vinny’s Blog

- First let us take a look at Lehman’s failure.
There was a post on FDIC and in that post there was a reference from IMF chief. Here are notes from that post.
August 19, 2008
Credit crunch may take out large US bank warns former IMF chief

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I hope you remember my previous posting about FDIC, if not please feel free to explore. [ http://www.diwakars.com/wordpress/2008/08/fdic-iii/ ] In case you skipped reading previous post here are some references from it - in previous posts news articles indicated that FDIC had approx 53 billion dollars, with that it insured approx 4.3 Trillion dollars worth [...]

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It has not been very long since I made a post about FDIC. Those else where outside United States if you’re wondering what is FDIC it’s called Federal Deposit Insurance Company and what it does is “ if a bank files for bankruptcy and all depositors loose their money then, this agency takes over the [...]

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[Views and opinions expressed here are mine and you must not make any investment decisions based upon information provided here. For your investment needs you must seek professional help from a qualified person.]
I hope you remember my earlier post on FDIC if not please read it here
[ http://www.diwakars.com/wordpress/?p=199 ] this one is only an update [...]

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Many of you now know about Indy Mac bank and that it has gone corrupt. You can read this in headlines if you simply Google it.

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