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IPFS News Link • Economy - Economics USA

The FDIC Is $20.7 Billion In The Hole: Feel Safe?

05-20-2010 • ZeroHedge.com

The FDIC's quarterly banking profile has been released. Inbetween all the fluff we find that the deposit "insurance" agency has exactly negative $20.7 billion to satisfy any upcoming bank runs and liquidations. Thank god for that ongoing Treasury lifeline. Atatched is a chart of the Deposit Insurance Fund-to-Deposit ratio. Negative is, well, bad.

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Reported By Jack Gregson

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