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<p>[QUOTE=&quot;fools_gold, post: 1097259, member: 20669&quot;]I understood that he was talking about PM&#039;s.</p><p><br /></p><p><br /></p><p>The FDIC has its good and bad as well. By being insured, you think you are being protected if the bank fails or if the bank is careless with their investments right? </p><p><br /></p><p>So who funds the FDIC? Where does that money come from?&nbsp; </p><p><br /></p><p>The FDIC will insure you get your money, they won&#039;t insure the value of it.</p><p><br /></p><p>If the FDIC didn&#039;t exist, it would cause more banks to be careful with their investments, it will cause people to do a little more research into who they want to hold their money.</p><p><br /></p><p>Banks are ponzi schemes in that they will loan you money they don&#039;t have.....[/QUOTE]</p><p><br /></p>

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