steve2470
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Tue Sep-30-08 03:04 PM
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DeFazio: Credit unions in his district reporting that FDIC is forcing banks to cut off credit... |
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Edited on Tue Sep-30-08 03:07 PM by steve2470
to businesses in his district, forcing them to go to the credit unions. He says he cannot ascertain the facts, joked that it's past his pay grade. http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=7257406&mesg_id=7258116This sounds rather important to me.
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AzDar
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Tue Sep-30-08 03:08 PM
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1. Nothing...absolutely NOTHING would surprise me these days. |
rucky
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Tue Sep-30-08 03:15 PM
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2. I think you just started your own rumor: |
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original text you link to says: DeFazio: some of the credit unions are telling businesses that the FDIC wants the banks to cut off their credit...
Which is way different from saying the FDIC is actually doing something like that.
This sounds like a cheap tactic of a credit union trying to swipe some commercial business through scare tactics. I don't even think the FDIC can make a call like that - and I'm not sure why they even would if they could.
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TxBlue
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Tue Sep-30-08 04:41 PM
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4. you're right... not FDIC's call |
Fresh_Start
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Tue Sep-30-08 04:39 PM
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3. FDIC isn't part of credit unions |
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