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FDIC Truth, you can’t handle the truth!

We only had 84 bank failures this year yet the FDIC reserves are the lowest sense 1992. Worst, all the banks that are too big to fail are still within the system and now being supported with taxpayer’s money. These banks are still giving out millions in bonuses to non deserving employees. The biggest bank failure this year has been Colonial Bank, a REGIONAL bank in Alabama. But if you really want to keep reality in perspective, consider the fact that many National Banks are technically insolvent and only operating because of the trillion dollar unlimited government bailout. […]