Thanks for the info, I assumed it was total. Good to know.

Never ASSUME. You know the saying about that. @:-)

FDIC has a Deposit Insurance Estimator tool on the web --

http://www2.fdic.gov/edie/


It considers the different account ownership types (individual, joint, etc) and allows you to input accounts at multiple banks.

"..per bank" ??

Seems that a lot of advertising used to tout ".. per account .." ~ did something change?
(not like I'm overtly affected either way )
/.

No, you're just another person who has been making incorrect assumptions about how FDIC insurance works.

From the Electronic Deposit Insurance Estimator tool (EDIE) posted by avlff above:

The Federal Reserve is a PRIVATE BANK. Do you know WHO owns the FED? Why dont you try to look it up? Why dont you look up the fed in the white pages? Its listed right under Federal Express. The Federal Reserve Act of 1913 clearly spells it out, thanks to illuminati cabal of Wodrow Wilson.

Ever heard of inflation? Inflation never existed until the Fed was given authority of printing money and lending to to YOU. FYI, Every penny of your income tax (EVERY) goes to repay Fed issued loans to YOU (and me). How can oyu say, No the Fed is not a private bank but its owned by a consortium of banks that are private... Try to find out WHO owns the private banks and you will be in a big surprise. The fact is that the "central bank" that we know as the Fed is a private bank controlled and owned by few big names (rockfeller, warburg, rothschild, morgan). And this is a FACT. Look it up. Just google federal reserve private bank

http://www.truthusa.org/articles/fed/fedtruth2004.htm

Thanks for reminding me.

Thanks for putting that out there psyflyer. A lot of people get confused because of the name and make assumptions (like I did above). I believe this was A fight between Jefferson and Hamilton over who would control the money. Jefferson supported the people by wanting the money to be issued by the government, and Hamilton supported the private bankers by wanting the government to have to borrow the money and pay interest on it. Jefferson prevailed until Woodrow Wilson privatized the bank. there is a book about that called "The Creature from Jekyll Island"

That is a GREAT book that goes through the timeline up to December 1913 when Wilson was fooled into singing this act. In fact President Wilson after realizing what he did stated:

"I am a most unhappy man. I have unwittingly ruined my country.
A great industrial nation is controlled by its system of credit.
Our system of credit is concentrated. The growth of the nation,
therefore, and all our activities are in the hands of a few men.
We have come to be one of the worst ruled, one of the most completely
controlled and dominated governments in the civilized world.
No longer a government by free opinion, no longer a government by
conviction and the vote of the majority, but a government by
the opinion and duress of a small group of dominant men."

Unfortunately it was too late by then, he sold away our country. And in the words of one of the owners of the USA said:

"Let me issue and control a nation's money and I care not who writes the laws." - Mayer Amschel Rothschild

FWIW, Ron Paul is a presidential candiadte advocating the abolishment of The Federal Reserve (as well as the income tax and IRS, which again its illegal and there is not ONE law on ANY book saying one exists... but ignorance prevails and people think it is...assumptions assumptions.)
www.ronpaul2008.com

I think it is time to close this thread.

Received an email from ING stating that the accounts will roll over smoothly and account holders will receive updated account info in the next 60 days. Everything except for International Transfers will be working.

There's certainly a valid argument that can be made that taxes are too high, or income taxes are bad policy. I would think the libertarians would be better off sticking to that tack than conspiracy theories that income taxes are illegal.

1. The Constitution authorizes taxes.2. Both houses of Congress passed and the President signed the Internal Revenue Acts of 1954 and 1986, and this law is on the books as chapter 26 of the US Code. Section 1 is the law that says the tax exists; Section 6011 requires a tax return.
3. The 16th Amendment cleared up the issue of whether tax on income from rents and royalties was a property or income tax (in response to Pollock v. Farmers' Loan & Trust Co). Income taxes on wages were legal prior to the 16th being passed, so repealing it won't help.

For those interested, there's a good FAQ on the subject. Like I said, the libertarian position that taxes are bad policy is a defensible one; claiming that income taxes are illegal shows a profound misunderstanding of our legal system. That's hardly the person I'd want as president.

My understanding is that there is a tax on gains but not on actual income (I am no expert and am going on what I've heard others discuss). There is a debate that income is not a "gain" because I am trading my time and abilities for an equal amount of pay so no "gain" is received.

Currently there is a couple who are protesting their court trial on this premise. They are holed up in their home surrounded by police, DHS, etc and have been for months now. You can search if you want to find it, I won't post any link.

I too have heard/ read part of the case made by Irwin Schiff et al. Here is the IRS' rebuttal.

When I was a kid in the late 1970s, I joined the Libertarian Party briefly, despite reservations re: their foreign policy. With experience (both that of our country/world as a whole & my personal) I have moved closer to the Center with some Libertarian accent.
I would like to see Dem.s, Rep.s, & Libertarians each control 30--40% of Congressional seats for a while, so that 2 of 3 parties would have to agree to pass any law.

I agree with Alanh above where he states, "There's certainly a valid argument that can be made that taxes are too high, or income taxes are bad policy. I would think the libertarians would be better off sticking to that tack than conspiracy theories that income taxes are illegal."

If you get a regular ATM card from BankDirect, there is no ATM international surcharge and no foreign exchange fee. If you get a Visa Checkcard, I'm told you will pay a 1% foreign exchange fee charged by Visa. In both cases, when using the card in the US, if another bank charges you an ATM fee, BankDirect will reimburse up to $2.50, 4 times per statement.

I still have BankDirect referrals if anyone wants one.

1k AA miles for being referred, 5k for direct deposit, 2k for bill pay for a year, 1k for opening the account. You can put $500 initial funding on visa/mc as a purchase. Also earn 100 miles per month per $1000 balance.

Well, actually I think you're making an incorrect assumption about the summary language in that link. The give-away are the lines, "Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $100,000 at one insured bank and still be fully insured."

There are eight categories of FDIC insurance, each with up to either $100,000 or $250,000 of coverage.