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The Social Lounge
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FRDI bill may take away all your hard-earned money
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<blockquote data-quote="6pack" data-source="post: 2141778" data-attributes="member: 1119"><p>I'm guessing to bail out public sector banks and insurance companies. If they wash their hands off giving insurance to accounts and deposits, they have more liquidity to splurge on useless things. Plus you already know, many of the ministers and their friends have companies that have taken huge loans and don't feel like giving back anything. Who will take the blame for that? When all the big guys don't want to take the blame and the loss coming with it, the one's taking the full burden will be the nameless and wimpy common people who can't fight back. What will you do when your whole life's savings have been lost? Nobody will be in any state to fight out anyone because they don't have any money left and will be trying hard to eat just one meal a day.</p></blockquote><p></p>
[QUOTE="6pack, post: 2141778, member: 1119"] I'm guessing to bail out public sector banks and insurance companies. If they wash their hands off giving insurance to accounts and deposits, they have more liquidity to splurge on useless things. Plus you already know, many of the ministers and their friends have companies that have taken huge loans and don't feel like giving back anything. Who will take the blame for that? When all the big guys don't want to take the blame and the loss coming with it, the one's taking the full burden will be the nameless and wimpy common people who can't fight back. What will you do when your whole life's savings have been lost? Nobody will be in any state to fight out anyone because they don't have any money left and will be trying hard to eat just one meal a day. [/QUOTE]
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FRDI bill may take away all your hard-earned money
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