they were set up to keep the gov't from getting sued. that is what the fdic is for!! they got caught in the 80's with the savings and loan stuff and a huge bank in texas took them to task for illegal seizure also? cant remeber the bank's name? anyone? fdic is the hooker of the banking industry. they do anything for a buck. keep doing it till they get caught. the pimp(gov't) pays to get them out of jail with treasury money(taxpayers) then they do it all over again. the fdic is a last agency you have to worry about having a good reputation. they thrive on adversity. they are not there to be good. they are the "systemic risk hatchet men." just think of the sopranos. banks have to pay fdic a fee to "insure" their deposits irregardless of the fact they are not being insured properly. "pay to play" but fdic is a ponzi scheme they have no money. so when they get low they seize another "systemic risk", usually the bank has a stellar balance sheet,that fdic trumps to make a problem. they know they have clean money and stockholders are left high and dry . the money is then used to pay paul after robbing peter, to fill the coffers of fed reserve to pay the "pimp boss , rothschild."
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