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IPFS News Link • Economy - Economics USA

Denninger: Is The FDIC Broke And Covering It Up?

08-02-2009 • Market-ticker.denninger.net

I believe the FDIC is broke and knows it; that under the law they should have seized these three banks (and many dozens more) some time ago, but doing so will force them to tap the Treasury "emergency" credit line.

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Reported By Jack Gregson

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1 Comments in Response to Denninger: Is The FDIC Broke And Covering It Up?

Comment by Lucky Red

Entered on: 8/3/2009 6:28:18 AM

For as long as the FDIC has the working class' money, it ain't broke and, last check, they still had it.

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Denninger: Is The FDIC Broke And Covering It Up?

1 Comments in Response to Denninger: Is The FDIC Broke And Covering It Up?

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