Corruption with a Capital C
America is in a financial hole to the tune of 32 trillion dollars. Why won’t our Corrupt Washington Beltway Bubble politicians (or should I say bubblehead politicians) stop digging it deeper?
By Steve Rossiter —— Bio and Archives--March 29, 2023
American Politics, News | Comments | Back To Full Article
In my recent CFP article Tyranny, I made one point I would like to expand on. Corrupt King Joe Biden in his own twisted thinking declared that all American taxpayers should assume the responsibility of “bailing out” that the millionaires and billionaires who irresponsibly deposited more money than was insurable by FDIC in the two recently failed banks.
FDIC will insure up to $250,000 per depositor per bank. All funds deposited above that limit in any given institution, are at risk. It isn’t complicated math. At one point in my life I actually had more than $250,000 to deposit in banking institutions. I made sure that all of my eggs were not in one basket because I could not afford to lose any of those eggs.
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