How far behind will Colonial bank be?
Comment to article by a poster ‘Colonial Banks will be seized either this Friday or next.’
they can close colonial fdic is broke!
This could be the stumbling block for the next leg down.
If this one triggers Colonial and it comes out that the FDIC is broke, it will most likely cause a panic run on the banks.
The feds will have to limit how much money can be taken out, people will bail out of the markets to get their cash on-hand.
Obammie the Commie would be most pleased.