Dear List, I don't normally comment on stuff that is "off subject" but I just couldn't resist this time! First of all, please don't assume that the U.S. banking system (much less in the rest of the world) is anything other than the "cesspool of corruption" it truly is! Anyone who really does business (aside from ho-hum checking, savings etc.) with these institutions knows this or will quickly learn. While they are paying you 3% on your money or 4,5,6,7,8,9,10,11,12 % or whatever arrangement you were skilled enough to bargain for, (they do bargain) well, your money is encumbered in high risk ventures that is not much different than throwing it in a game of "craps".......ie., commodities market including intl. currencies, stockmarkets (both national and intl.) and yes, what I describe as "legal sharking" ie., circumventing the federal usury laws by the incorporation of "fees" in addition to the A.P.R. (annual percentage rate) In doing this, for instance, a lender can acheive returns above the legal limits.........say 40, 50, 60, 70 or whatever % they want to squeeze from their client. The "Federal Deposit Insurance Corp" is NOT part of the federal government. (at least the U.S. government) It is a corporation........thus subject to U.S. bankruptcy laws. Remember what happened during the savings & loan crisis not too many years ago? Why did the U.S. Government have to spend $100,000,000,000.++....... (billions) to bail these S&L's out? Did our government tell you that the FDIC was insolvent? Well, they were flat broke!........BUSTED! >>When transactions at financial institutions involving illicit funds are revealed, these transactions invariably damage the reputation of the financial institutions involved and, potentially, the entire financial sector.<< Trust me, the U.S. banking industry is actively competing for the funds of KNOWN illicit sources on a daily basis. It's ok as long as they can cover their butts with the "feds". The more money that a bank has on deposit which qualify for "reserves"...........the more a bank can encumber in the "world crap-shoot". In other words, you put your money in the bank for "safety" as the markets are too risky!! >>HELLO<< Your banker just ran out the back door with MOST of your money on his way to the "world casino"! "Clean" money or "dirty" money; it's all the same to the banks. Especially when deposited long term. Folks, I'm a relatively happy person ( more than somewhat)........I don't choose to always take a contrarian view of things although it's more fun writing about controversy! However, this is a subject which should get any "good Parkie a shakin" This is deception Friends!! Neither the banks nor the FDIC care about such things........what you hear is from "BIG BROTHER". They want their share! This bill contains some of the most deceptive and blatantly obtrusive phraseology that I have seen in quite some time!! Please, when you read such things......... caveat lector!! :-) Aloha! Jay Henkelman 49/39/30