Is Enterprise Prepared For Recession?

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FDIC reported yesterday that as many as 416 banks are near trouble at the moment. IF all these banks actually fail, FDIC will need approximately $70 billion to note CEO DIRECTORY all the insured accounts on deposit with these banks. (Remember that every account is insured as much as a $250,000 limit). So, generally if the worst case scenario comes to pass, where does FDIC get your money? Yes indeed, the Treasury – which translated means the tax payers.

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Edward Liddy, AIG Chairman and ceo email list, saysthat in the event the company doesn’t honor their agreement to top executives, they could have trouble attracting and keeping the best people inside of business. If these executives are the best, why did firm fail? Why are they asking us for the money? Liddy complains his employees potential concerned federal government will obstruct and limit bonuses. He contends you could be detrimental in retaining qualified vip’s. If AIG had failed as well as the executives had lost their jobs, would they continue to have walked away with associated with dollars in bonuses? Would AIG have honored those contracts subsequently? Contracts are broken all time. The auto workers were forced to renegotiated their contracts in order to receive bailout currency. Why not AIG executives?

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