On Sat, Jan 29, 2011 at 6:02 PM, seventhray1 <[email protected]>wrote:
> > > > --- In [email protected], Tom Pall <thomas.pall@...> wrote: > 60 minutes had a > > show last week featuring the FDIC coming into the branches of a bank on > > Friday night, taking over all operations and re-opening on Saturday > manned > > by feds. The teams filled large hotel conference rooms with the personal, > > planning the takeovers of the main office and its branches. > > Tom, what exactly are you talking about? This is called taking over a > failed bank. It is what my neighbor does. He is one who leads a group like > what you are describing. What is the nefarious motives you are ascribing to > this? This protects the depositors, unless I am missing something. > > What I am talking about is that if the feds have the manpower, skill and logistics to swoop in and take over a bank and its branches because it's insolvent, without warning, then taking over a lights out operation would be easy as cake, piece of pie. Now they'd have to go to the facilities as downing the In The very words the head of the FDIC used was take over. I did not imply a nefarious motives nor can I understand how and why you infer nefarious motives in what I wrote.
