The FDIC Secret - 99 Years To Pay! An ATS MIX Investigation

reply to post by Dave Rabbit


Great thread guys . I am starting to see that "loophole" in the FDIC after digging through there website.

I posted because, my mother, works near the head of sales department at Wells Fargo. She deals with getting information out to corprations dealing exactly with this type, and how safe the corprations funds will be. I'm sure she will know something about this.

I will call her tonight and hopefully get back on this

reply to post by wilmiester


Great..... we have a bunch of members now actively trying to find some document or something in writing on this.

Dave

reply to post by Dave Rabbit


From my askings, I have found that essentially the FDIC has the same speed as the IRS.. but because your bank accounts will be closed, it will be a mailed check, so probably 7 days to 6 weeks as I said before. The FDIC as far as timely delivery or time frame is hard to find, however, I honestly doubt 99 years.

It seems to me, considering how the money supply works, where a hundred dollar deposit if turned into several thousand dollars by being loaned out over and over again, that covering bank deposits represents a small amount of the money out there in circulation.

This brings up the question, when the house of cards collapses, who are the ones who lose out? It seems that the money in circulation will be were the vacuum hits. All the checks written on the money in the institution would be worthless.

If the banks that holds the mortgage on your property collapses, where do you start sending your mortgage payment, or your visa payment? Who now holds the deed on your property as the lender?

We have received several U2U's from folks who have bank connections and are trying to secure a copy of something IN PRINT. Will advise as we find out more.

Dave

Anyone heard anything about Country Wide Bank? We just got a report that they collapsed? I haven't found anything.

reply to post by Dave Rabbit


DAVE!!!

WHERE DO YOU GET YOUR FINANCIAL NEWS FROM!??

Lol .. seriously. Countrywide has not collapsed.. the Fed would never allow it.. hell, there would be another fire sale before they allowed Countrywide to collapse.

The stock finished -206 DJA mostly because investors are realizing that has oil surpasses $120 at an alarming rate, consumers have nothing left to spend. Not even with $300-$600 checks coming out.

The Economy will not avoid a recession ..

But if countrywide had collapsed.. lol.. let's just say, as hard as the Fed may try they could never cover that up..

Originally posted by Dave Rabbit
Anyone heard anything about Country Wide Bank? We just got a report that they collapsed?

I did not hear anything about a collapse. I did hear an interview on the radio where people were interviewed who put in for loans from Country Wide. Some were told flat out to lie about there income on there loan request so it would be approved. They were told that it would not be checked.
It is hearing things like that is why I think when these banks go under it is the banks who should bail them selves out and the management should go to jail.

[edit on 7-5-2008 by RedGolem]

Originally posted by Realtruth
You can't eat or drink gold and silver.

True that. However the topic was specifically money and if money is what one wants to sit on a pile of. Putting one's trust in the load of thieves who hold your money in the palm of their hand in the form of useless paper and numbers, is beyond retarded.

Originally posted by Realtruth
The most valuable things to have are land, ability and knowledge to grow your own food, tools for fixing things and maybe lastly some gold or silver, but in the scheme of things the most valuable things, I believe are land with water and a place to live in.

Or rather access to land, as even the one who's name is on the title doesn't even own it. Same goes with the place to live.

There's certainly no doubt about the gardening understanding and fishing, trapping game, survival, etc.

reply to post by poet1b


According to the news finding the "Bank" has been a problem with the homes being reposessed recently. In many cases they seem to have a hard time following the paper trail to legitimize the current bank as being the holder of the mortgage.

I had a coworker with that problem 2 years ago, It took 6 months before he could sell his completely paid off house, because it was passed a dozen times from bank to bank in batches. But midway in that dozen he had paid it off. They kept reselling the paid off loan, but it was never recorded by the bank as paid off in their records. Most of the banks had been absorbed severl times over, and no one wanted to sign the paper clearing the debt.

The banks currently have too much power and no sense of responsibility.
The FDIC is the capstone on that Pyramid.

Each time a bank goes under, most of the account money is still there, but some is lost. The FDIC covers the loss.

If the FDIC only needs to cover 1 percent of a banks holdings, they can only play that game for 100 banks. Then they have nothing left. FDIC is not the Federal Reserve, that is a different corporation. The Reserve has no obligation to cover FDIC's debts. Some question if FDIC can cover the losses if just one major bank fails.

I truly do not see the significance of the 99 year payback issue. The fact is that the FDIC is engineered within very specific design limitations. Exceed those and you are in a state beyond the impact deemed sufficient to stop the Great Depression.

We are therefore describing a "Super Depression."

[edit on 8-5-2008 by Cyberbian]

reply to post by Cyberbian


Now, you are onto something! The situation you are talking about is the very reason there is nothing but fraud and theft in our system. In fact, any alteration of the original contract, ANY alteration, front or back after we sign is a Felony and Fraud. Why can a Bank or mortage company sell your document as collateral, get paid for it, then expect YOU to pay them for it? The simple fact is, they cannot. Your friend should have never paid the original bank one FRN after he found out they sold his loan. The were already PAID and the contract with another banks stamp on it was proof of debt paid. BTW, whoever did end up signing that the debt was paid off, commited fraud, and every count of a Bank selling his contract after it was paid off is a count of theft and fraud! Don't believe me? There are millions of people in your friends situation. Again, any FRN he gave after the first Bank sold his contract debt was theft, think about it.

We are getting screwed and the courts have back this time after time, if a Bank trys to collect on an altered (VIODED) contract and the person living in the house does not agree to pay, if the Bank trys to enter an altered and fraudulant contract to show the human owes them FRNs to pay the debt, they commit a felony in open court and on the record.

Learn UCC and contract law, it is the law by which all banks and courts are held too, contacts are very important, and if you do not understand them, you will be a victim of your ignorance.

NONE OF THIS IS LEGAL ADVICE, do your own homework and open your eyes as many here have done!





[edit on 9-5-2008 by freecell]

[edit on 9-5-2008 by freecell]

reply to post by Dave Rabbit

I don't think it collapsed, but I might be wrong. I'll keep researching about it.

Countrywide hasn't failed yet (YET being operative word). There was some news on the wire this week that Bank of America might not honor Countrywides debt. Also there have been some analysts saying that BoA is going to have to renegotiate or walk away from that merger deal.

There was however a bank failure yesterday. I heard a rumor in one of the trading boards I frequent that FDIC was going to have 2 bank failures over Mother's Day weekend. The bank that failed was in Bentonville(home of China-Mart) Arkansas. Here is the link to the FDIC press release.

www.fdic.gov...

You may find one of there customers and find out how quick they were able to get there insured amount.

reply to post by Dave Rabbit



Hamilton Bank, Ex-CIA
Operatives, & 9-11 Hijackers
By Wayne Madsen
1-26-6

Researchers and investigators have uncovered links between a Miami bank that collapsed in 2002 amid a fraud scandal that was highlighted by billions of dollars in questionable cash and fraudulent loans and money movements linked to the Bush family and businesses linked to funding pilot training for the 9-11 hijackers.

After the collapse of Hamilton Bank of Miami, the Federal Deposit Insurance Corporation (FDIC), an entity that WMR has reported has been transformed by the Bush administration from a regulatory agency into an investment center, and the Israel Discount Bank assumed liability for the insured accounts. The FDIC assumed liability for half the accounts and the Israel Discount Bank took over the other half. Three Hamilton branches were reopened by the Israeli bank as "IDC." Insiders report that Hamilton Bank was involved in joint (and possibly rogue) U.S.-Israeli intelligence and money laundering operations.

In 2002, The Miami Herald reported that bags of cash from Latin American political leaders would routinely be flown to Hamilton Bank for money laundering. The Herald reported that one of Hamilton's customers was then-Panamanian President Mireya Moscoso. Hamilton maintained an office in Panama. According to court documents filed by the Office of the Comptroller of the Currency, Hamilton's dubious loans to Maximo Haddad, the owner of the Mexican construction firm PYCSA that built a private toll road in Panama and the owner of two offshore companies, Perpetual International Holdings and Alderly Management; Manuel Cohen, the Panamanian Consul General in Miami and the managing director of Alexander H Finance Co.; failed banks in El Salvador and Ecuador; Metrobank International (Vanuatu); Metrobank Panama, and a Florida drapery and window covering firm with subsidiaries in Texas, Venezuela, Brazil, El Salvador, Australia, Mexico, Spain, and Puerto Rico "appeared to have no legitimate business purposes.'' Hamilton Bank has been described by intelligence insiders as a front operation for intelligence-related activities that may include, in addition to money laundering, weapons and drug smuggling.

Now defunct Hamilton Bank: Interesting clients As previously reported by WMR last July (Intelligence Whispers), "In 1995, a $10 million transfer was made to Houston. The source was the Saudi Royal family. The funds were transferred to Nations Bank via Banca Svizzera Italiana via SWIFT. On September 28, 1995, a $50,000 check was cashed at Nation's Bank of Pasadena, Texas. It allegedly originated from the $10 million of transferred funds from Saudi Arabia and the payee was "Fayyaz Ahmed." Fayyaz Ahmed, aka Fayez Ahmad, was also named as one of the hijackers aboard United 175 that crashed into the South Tower of the World Trade Center . . .

The account from which the $50,000 was paid was in the name of Treatment Services of the Southwest Corporation, 14359 Torrey Chase Blvd., Suite D Houston TX 77014-1635, in North Harris County --check number 266-406556-1; Tax ID # 76-0455993. Much of the funds eventually ended up in Phoenix, later the location of some of the 911 hijacker trainees.

Ahmad also used the aliases Banihammad Fayez Abu Dhabi Banihammad, Fayez Rushed Ahmed, Banihammad Fayez, Rasid Ahmed Hassen Alqadi, Abu Dhabi Banihammad Ahmed Fayez, with the FBI officially tagging him as one Fayez Rashid Ahmed Hassan al Qadi Banihammad. Fayyaz Ahmed had been a resident of Delray Beach, Florida. The FBI later said that the "Fayyaz Ahmed" who cashed the check in Pasadena was merely a student paying for college tuition but the note on the check states "contingent for travel expenses." Dallas, Texas was also one of the locations used by the hijackers for flight simulator training. One of the flight training "ta

FDIC corporate crooks are playing a Global pyrimad with United States Americans Money. I am the FDIC Whistleblower. See U.S. District Court case number 06-cv-1940. Gibson-Michaels vs FDIC. FDIC are conntected to Halliburton, Wachovia, Wells Fargo, Country Wide, Enron. Supervisor reported sending money to former American Most Wanted (Ritan Eitan) Israel (True Story). Evidence uploaded into my book at www.lulu.com entitled: Caught in a Web of Bureaucracy by Yolanda Gibson-Michaels and at the U.S. Libarary of Congress. Your money is not save at the FEDERAL DEPOSIT INSURANCE CORPORATION (FRAUD, DECEPTION, IMPROPRIETY, AND CORRUPTION (FDIC))

FDIC Whistleblower
Related To NSA
Classified Docs Case

By Wayne Madsen
12-17-5


WMR has discovered there is much more to the government's harassment of Kenneth W. Ford. Yolanda Gibson-Michaels, Ford's second cousin, to whom he is close, filed major fraud and conflict of interests charges against Donald E. Powell, the chairman of the Federal Deposit Insurance Corporation (FDIC) and a close political ally and friend of George W. Bush who served as President of First National Bank of Amarillo, Texas and Chairman of the Board of Regents of Texas A&M University.

Gibson-Michaels, a whistleblower who worked for the FDIC Legal Division, uncovered fraud involving senior FDIC officials and scandals involving Bank Hapoalim of Israel, Bank Leumi of Israel, Russian-Israeli mob figures Vladimir Guzinsky and Arkady Gaydamak (a financial partner of Cheney while he was at Halliburton), Bank Leumi's Chairman Eitan Raff, SunTrust Bank of Florida (the bank from where the FBI's confidential informant Tonya Tucker (who stung Ford) received checks while she was in the Washington area, the Washington Field Office of the FBI, illegal Congo diamond trading involving DRC Resources Corporation, massive overcharging of the FDIC by outside counsel law firms, Saudi lobbyists in Washington, the Wells Fargo-Tejas merger, Tyco International, Enron off shore entities, and Halliburton. WMR will bring more details about this massive fraud involving the FDIC, described as a $3 trillion slush fund for Bush, Cheney and their business friends and associates around the world.

Considering Ford's cousin's high profile FDIC investigation (also involving Securities and Exchange Commission probes) of politicians and businessmen connected to Bush, Cheney, and Israeli interests, perhaps David I. Salem, the U.S. Assistant Attorney who was so quick to see Kenneth Ford sent to prison, should also have any of his possible connections to the Bush White House, the GOP, and Israel thoroughly investigated for potential conflicts of interest and criminal conspiracy.


waynemadsenreport.com...

the fact is #ed whatever happens, if there is some disaster and there is a financial breakdown, who exsactly is going to give your money, nobody will be working anyway. a bank manager isn't going to say come on mr jones, lets go and get your money today, if the country is being torn apart by floods or terrorists, he's gonna run for the hill, with everyone else.

reply to post by Dave Rabbit


I am a licenses financial professional and was speaking to a banker today regarding moving some money from one bank to another to ensure that I did not exceed the FDIC limits. The bankers comment to me was that the protection offered by the FDIC was a joke...he reiterated the 99 year rule. I then replied that it was interesting that I never heard of this since I had my Series 6 & 63 licenses (w/ SEC & NASD). He then commented that he didn't hear about it either when he obtained his 6 & 63 licenses...it was only after he started working at the bank that he had learned this fact.

Originally posted by Masisoar

Not to derail the thread but expect this to happen within the next Presidency as Hillary WILL win the Presidential Bid, it's fairly obvious at this point that's the case.

Good news! It's not very likely that Hilliary WILL win the Presidential Bid!
Yay.

Two more down. WAMU could be any day.

* Failed Bank Information - First National Bank of Nevada, Reno, NV - This Bank was closed by the Office of the Comptroller of the Currency (OCC). Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All deposits have been assumed by Mutual of Omaha Bank, Omaha, NB.
--Posted July 25, 2008
* Failed Bank Information - First Heritage Bank, N.A., Newport Beach, CA - This Bank was closed by the Office of the Comptroller of the Currency (OCC). Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All deposits have been assumed by Mutual of Omaha Bank, Omaha, NB.
--Posted July 25, 2008

Very interesting, does anyone have any information about insurance of this type for Australian banks and whether there is any cap on how much is covered and how long they can take to pay it back? Maybe a similar thread could be started for each major country about this if it differs from the US setup.