Collective Financial Insanity – FDIC operating with negative insurance fund
• MyBudget360.comThe FDIC insured banks have $5.4 trillion through insured deposits yet have a deposit insurance fund (DIF) that is in the negative to the tune of $8 billion. Is this a Ponzi scheme you ask?
I read it somewhere, I should of posted it, Someone at the FDIC just left to go work for Goldman Sucks...