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IPFS News Link • Federal Reserve

FDIC: $19 billion now backs over $4.8 trillion in deposits

03-02-2009 • optionarmageddon.ml-implode.com/

To put the $18.9 billion figure in perspective, consider FDIC’s estimate for insured deposits at the two major banks closest to collapse—Citi and BofA: $103 billion and $449 billion respectively. And those figures understate the total...

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Reported By Jack Gregson

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FDIC: $19 billion now backs over $4.8 trillion in deposits

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