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Fusion Magazine Excerpt: Is the FDIC doomed?

January 22, 2008
 Radio Clips

The Glenn Beck Program

The following is an excerpt from the March issue of Fusion Magazine.




It’s like money in the bank.

That’s always sounded quite comforting, especially if you actually have some in one. And as long as your bank’s window displays the trusty little Federal Deposit Insurance Corporation (FDIC) logo, your money is insured up to $100K. So you’re as good as gold, right?

Think again.

With the current sub-prime mortgage crisis creating a record number of foreclosures nationwide, a looming recession, and not to mention a $9 trillion national deficit, just how would the FDIC make good on it’s guarantees now that large banks are finding themselves in trouble?

First off, it’s important to understand how the FDIC works and just how much it has in reserves. Most people figure it is just another taxpayer-funded program. But it receives no Congressional appropriations. It actually functions as a mandatory insurance policy for banks, which requires them to pay into its fund currently totaling more than $49 billion.  

But in a sense, it’s the bank’s customers that are indirectly paying into the fund through their bank fees and service charges. Banks are certainly not paying for the fund at the expense of their profits . . .

Why does Glenn think that? Read more of “Is the FDIC doomed?” in this month’s issue of Fusion magazine. Subscribe Now.

Don’t know what Fusion magazine is?  It’s Glenn’s magazine of course. 

Every month in Fusion magazine we deliver Glenn’s personal thoughts on issues ranging from controversial news topics to the latest pop-culture exploits. With 10 issues a year, Fusion is the only magazine where you can find the perfect combination of cutting edge humor, intelligent commentary and stories that touch the heart. 

WATCH: The Ultimate Guide to the Great Reset: A Sneak Peek at Our Dangerous Future

Have you ever wondered why so many insane things are happening simultaneously RIGHT NOW? Big corporations are going woke. The stock market got red-hot during a FORCED recession. Stores like Walmart and Target were allowed to stay open during the lockdown, but mom-and-pop stores on Main Street had to close, some of them forever.

On Wednesday's "GlennTV" special, Glenn Beck explains it all in this sneak-peek episode — a primer to his new book and the upcoming explosive, in-depth special: “The Great Reset: Joe Biden & the Rise of 21st-Century Fascism.” Co-author Justin Haskins joins along with Glenn’s head writer and researcher, Jason Buttrill, to answer audience questions about a topic that the media has tried to censor and “fact-check.” You will be equipped with everything you need to know about what the global elites of the world have planned for the transformation of society and YOUR life.

Watch the full episode of "Glenn TV" below:


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

WATCH: Sen. Rand Paul responds to Fauci's 'juvenile' attacks and 'misdirection’: We still need ANSWERS

Image source: video screenshot

After new information came out that suggests Dr. Anthony Fauci intimidated and bribed scientists into dismissing the COVID-19 lab-leak theory, Sen. Rand Paul and Fauci got into a heated debate in a Senate hearing. But instead of providing answers, Fauci accused Sen. Paul of endangering him.

Sen. Paul joined "The Glenn Beck Program" Wednesday with his response and explained why he believes "people live in fear of what [Fauci] will do to them."

"It's all about money. If you cross Tony Fauci, you don't get your money. He controls the purse strings for the entire country, the entire university system. And he's been doing it for forty years," Sen. Paul began.

"It's consistent with his arrogance, this level of arrogance that he's developed. He said several weeks ago, that he is science and any attack on him is an attack on science. Yesterday, he said anybody who opposes him is encouraging death threats," he added.

"Look, I've been on the receiving end of semi-automatic gunfire. I was 20 yards away from Steve Scalise when he almost died. I was 10 feet away from a staffer that was shot. And, you know what? The guy doing the shooting was a Bernie Sanders supporter. But not one of us, not one of the Republicans on the ball field, said, 'Oh, it was Bernie Sanders' fault.' But that's the juvenile level of personal attack that Fauci is now stooping to. He is saying that the personal threats he gets are actually the fault of his critics."

Sen. Paul continued, "But the thing is, [Fauci] needs to answer the question. Everything he did in the committee yesterday was misdirection so he didn't have to answer the question. The question was, why did he smear three scientists from Stanford, Oxford, and Harvard? Why did he smear them as fringe epidemiologists? And why did he conspire against Francis Collins to take them down in a very public way? He wouldn't answer the question."

Watch the video clip below to hear more of Glenn's conversation with Sen. Rand Paul:


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

EXCLUSIVE: Poll reveals scary number of Dems support EXTREME authoritarian policies

Over the past year, an increasing number of voices on the left have pushed for radical changes to our way of life, from reforming capitalism to enacting strict vaccine mandates. But are the American people behind these changes? A recent poll from the Heartland Institute and Rasmussen sought to find out, and the results are startling. The three-part poll asked likely voters for their thoughts on the Great Reset (half said they don't know what that is), COVID-19 authoritarianism, and whether they prefer former President Donald Trump or President Joe Biden.

The Heartland Institute's Justin Haskins joined Glenn Beck on the radio program to break down the results of this exclusive poll, including the disturbing revelation that roughly half of Democrats polled supported shockingly authoritarian COVID-19 policies. For example, nearly half of Democrats polled said they think federal or state governments should require unvaccinated people to live in "designated areas or facilitates," or essentially camps. Nearly half of Democrats supported a proposal "to fine or imprison individuals" just for questioning the efficacy of the existing COVID-19 vaccines on social media, television, radio, or in online or digital publications. And, when asked if people who refuse to get vaccinated should lose custody of their children, 20% of Democrats answered "yes."

But the poll showed some good news, too. Watch the video clip below for more details:


Glenn and Justin’s new book, ‘The Great Reset: Joe Biden And The Rise Of 21st Century Fascism’ is available to order now.

Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Glenn Beck: Why is Pelosi REFUSING to release Jan. 6 Capitol Police information?

Rep. Rodney Davis (R-Ill.) recently sent a fiery letter to House Speaker Nancy Pelosi demanding she stop obstructing GOP efforts to investigate security measures taken before and on January 6, 2021.

On "The Glenn Beck Program," Rep. Davis said the Capitol Police should release all communications concerning security from that day, but the police chief can’t do so without an "okay" from the House sergeant at arms — a Pelosi appointee. Americans deserve to know why the Capitol’s security posture was so bad that day, so we can be sure it won’t happen again, but unfortunately, Rep. Davis told Glenn, that may not occur until Republicans take the House majority back.

"Republicans condemn the violence that took place a year ago. That was unanimous," Davis said. "But here we are today still left wondering, what did the sergeant at arms of the House — the lead law enforcement official appointed directly by the speaker — what did he do in preparation leading up to January 6? There's been conflicting testimony, and all I've ever asked for, as the lead Republican on the respective oversight committee, is just to get the communications. We want to know what preparations were made, and the only person standing in the way of us getting the communications from her own appointee, who controls the House security operations, is Speaker Pelosi," he added.

"Unfortunately, the House is a very majority-driven institution. And remember, the Capitol Police chief cannot make a single security decision without going to Speaker Pelosi's appointed sergeant at arms. That's her own political appointee," Davis continued. "So, you know when I'm going to get this information? It's when I'm the chairman of the House Administration Committee when Republicans take over Congress in November of 2022."

Watch the video clip below to catch more of the conversation:


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.