Bailout Bill Fails House Vote

[a.e.B.O.T.]

Originally Posted by UGAalum94

I thought the AIG deal already went through separately.

And can you take me through how you get from AIG to FDIC failing completely?

FDIC insures bank deposits in the event that a bank fails, like AIG, WaMu, etc... its the govt. basically protecting you in case your bank can't pay you your money. Well, with all these banks going under, it is putting more strain on the FDIC to insure all deposits, etc... Essentially, this is another way AIG's collapse directly effects the government, and therefor you... Secondly, AIG, WaMu, etc are not just small time banks, oh no, these are the banks that have given loans to other banks, etc...