Re: FDIC insurance fund shrinks!
Posted by WSJ /8/27/09 on August 27, 2009, 12:09 pm, in reply to "Re: Fannie Mae lost $23.2 Billion in 3 months, wants more"
71.84.97.117
Okay Barney, what do you say now about your "a house in every pot" plan?
Walls Street Journal email 8'/27/09
BY DAMIAN PALETTA AND MICHAEL R. CRITTENDEN
WASHINGTON – The government insurance fund that protects more than $4.5 trillion in U.S. bank deposits fell to just $10.4 billion at the end of June, as the banking industry continues to struggle with souring loans.
The Federal Deposit Insurance Corp. fund is at its lowest level since mid-1993, during the savings-and-loan crisis. That makes it likely that the government will have to charge banks another special fee to recapitalize its reserves. Officials could also consider borrowing up to $100 billion from the Treasury Department, but they have avoided this option so far.
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Message Thread:
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- Re: Inflation: U.S. owes the world $11.4 trillion! - USA Today 6/29 June 29, 2009, 8:15 pm
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- Re: Inflation: Taxes, Taxes and more "Green" Taxes - James Sensenbrenner, Jr June 30, 2009, 5:43 pm
- Re: Questioned the Federal Reserve doesn't know where 2 trillion went! - Cotnam/SilverBearCafe video May 27, 2009, 3:28 pm
- Re: Money as Debt: How banks create money - Sean/YouTube April 13, 2009, 4:47 pm
- Re: The Crash: Who's to blame? - Rat September 29, 2008, 6:22 pm
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