THE APPALLING HIPPOCRACY OF THE FDIC
The FDIC (Federal Deposit Insurance Corporation), which insures your deposits in the banks, is chastising and fining local banks for being too heavily invested in commercial real estate. The banks are still solvent but the FDIC doesn’t like the percentage of commercial investments so they are reprimanding the local Colorado banks.
One can’t help but notice that the FDIC itself is bankrupt. As of September 29th of 2009 the FDIC insurance fund is running at a negative. Now this is an astounding thing. The banks that are solvent are being punished by the FDIC bureaucrats who themselves have run the FDIC insurance fund into bankruptcy. If your bank now does go broke there is no money in the FDIC fund to cover your losses. I guess the Federal Reserve, who was mandated to regulate the FDIC and the banks, would just print the money and further dilute the value of the dollar.
Fortunately, there is still one investment that can create wealth and shelter your profits from the grasp of greedy tax collectors. Investing in Real Estate is the only safe investment vehicle that will allow you the financial freedom you deserve. Invest today in your financial freedom; give us a call at MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGE SERVICES (www.aloan2own.com) and let’s put a plan in motion for your financial future. We are the one stop shop for all your Real Estate needs in the Rocky Mountains. Whether a home of Your own, a retirement investment, an EVERGREEN COLORADO HOME LOAN or an EVERGREEN COLORADO MORTGAGE REFINANCE call us at 303-674-0148, Email us at markenglishrealestate@msn.com, or visit us on the web at www.evergreencoloradoliving.com.
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