FDIC Almost Broke
 

http://www.bloomberg.com/apps/news?p...d=aEKc7Yh8ogXw

So....... errrrr bailout time?

Same FDIC used in words "insured by FDIC" ?

That is what happens when you, the government, let the banks lapse in paying their dues into the fund on a whim.

:2 cents:

You mean the FDIC have their own FDIC insurance?

How can it possible? They cant make a payout to themselves if theyre broke and if they do, how will they make a payout to the banks (oh with the funds they paid themselves).

it said that they have a 500 billion dollar line of credit with the treasury?

supposedly they are going to borrow money from the same banks who the government bailed out.

what a sham ....