Re:Well haven't you heard of the FDIC?
on
Apocalypse Not
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· Score: 1
Of course the FDIC had the money. FDIC is part of the federal government and it prints the money--as much as it wants to. After all, if you look in your wallet you will see that it is only ink on paper. To print up a billion dollars in hundreds would take about 200,000 sheets of paper (48 bills to the sheet). High-speed press running at 30,000 sheets an hour--about seven hours. That's where the money comes from!
Slashdot Mirror
Of course the FDIC had the money. FDIC is part of the federal government and it prints the money--as much as it wants to. After all, if you look in your wallet you will see that it is only ink on paper. To print up a billion dollars in hundreds would take about 200,000 sheets of paper (48 bills to the sheet). High-speed press running at 30,000 sheets an hour--about seven hours. That's where the money comes from!