Forum Moderators: martinibuster
snip If you want to talk specifics like that try making it to the next Pubcon.
Good luck with those earnings though. Stick around here and you'll learn how to double or triple that in a heartbeat.
[edited by: Jenstar at 12:29 am (utc) on Aug. 25, 2004]
[edit reason] We don't moderate for the AdSense terms here, thanks :) [/edit]
Where can I learn more info about the next Pubcon?
Thanks!
The FDIC is only insuring up to $100,000 for a single bank account. Now I have way too many accounts, and I don't even know where my money is anymore. I'm going to have to stop this madness.
I detect a little sarcasm in this message, but just so you're aware FDIC only insures each depositor for up to $100,000 - it doesn't matter how many accounts you have, or even how many banks you're with. There are a few things you can do to get around this though, and if you're married you can actually have the FDIC insure up to $600,000 by doing the following:
(1) One account with your name only - $100,000
(2) One account with spouse name only - $100,000
(3) One joint account - $200,000
(4) One Revocable Trust account (Husband = Trustee for wife) - $100,000
(4) One revocable trust account (wife = trustee for husband) - $100,000
Total: $600,000. By the way, this isn't a "trick" - it's fully endorsed by the FDIC, just most people don't think about it. And of course there is always private insurance which you can purchase from your bank. Splitting your money up into multi-bank 100k accounts just to get Federal insurance is not only a waste of time (since it doesn't work), but you're actually cutting yourself out of potential interest returns. The more money you have with one bank, the more you can haggle with the bank for a better interest rate.
If a large bank were to collapse, you'd never see that money again. The FDIC would go bankrupt.
This is from the FDIC's website:
" With insurance funds totaling more than $44 billion, the FDIC insures more than $3 trillion of deposits in U.S. banks and thrifts "
They have slightly more than 1% of total deposits. Not very comforting huh?
The FDIC is not private.
An independent agency of the federal government, the FDIC was created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s...........http://www.fdic.gov/about/learn/symbol/index.html
If a big bank goes down, you can be pretty confident that you will see your money.
I have about 750-1500 impressions and 5-20 click dayly.
The FDIC is not private.
The FDIC is a private corporation (hence the name Federal Deposit Insurance Corporation. It is overseen by the government but is not part of the government. (...an independent agency of the federal government)
If a small bank were to go bankrupt, the FDIC could easily cover it. But if a large bank (which almost every bank is now) with billions of dollars in deposits were to fail it would cause a chain reaction and the FDIC would be all but useless. $44 billion in reserves is nothing. Microsoft has more in cash reserves than that ($56 billion).
I'm not saying the FDIC is a bad thing, it's just most people think they have nothing to fear when the put their money in the bank because they will bail them out. This is simply not the case.
I'm not saying the FDIC is a bad thing, it's just most people think they have nothing to fear when the put their money in the bank because they will bail them out. This is simply not the case.
Are you just guessing at this, or do you have some facts to back it up?
As an institution backed by the government, I'm fairly certain that the money is covered.
So this is all a dumb thread.
As an institution backed by the government, I'm fairly certain that the money is covered.
Your faith is touching.
Governments find ways of wriggling out. In the UK we have examples of BCCI, the railways and Equitable Life. Being backed by a government is no guarantee of unlimited liability.
Keep going like we are and we'll be bringing them to their knees in no time.
Are you just guessing at this, or do you have some facts to back it up?
The facts I gave you are directly off the FDIC website (fdic.gov). $44 billion in reserves to cover $3 trillion in deposits. A single bank, such as Bank of America can have hundreds of billions of dollars in deposits. There is no way the FDIC could cover those kind of losses.
- That there are no compensating assets in the balance sheets of the hypothetical failed bank that could not be liquidated to absorb part of the loss.
- That the government will not step in and perform on its obligation.
- That being an independent government agency equals being a private corporation.
I will be glad to continue this conversation in a more appropiate forum.
I am being paid half the rate per click of what I was being paid in August 2003. My traffic is way up but I worked on getting the traffic based on a projected return of double what I an getting now.
How true :(
I have about 750-1500 impressions and 5-20 click dayly.
you seem to ge getting a good CPM, to make the amount you made with only 5-20 clicks. I just started this Adsense this month, after 20 days I am at about 0.28$CPM. I think that the only thing extra I can do is to try and boost the traffic now.
When you dont know where to invest and burned by the stockmarkets in the past :)
