To: Kartographer
FDIC’s out of money, right?
3 posted on
10/03/2009 8:44:15 PM PDT by
GOPJ
(MSM BIAS: the most grossly obvious facts can be ignored when they are unwelcome. George Orwell)
To: GOPJ
I understand that they are broke or nearly broke. I also have been told that they are a good number of ‘zombie’ banks, banks that need to be closed and would have been already, but for the fact that the FDIC is so far under itself it can’t cover the losses.
5 posted on
10/03/2009 8:56:13 PM PDT by
Kartographer
(".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
To: GOPJ
According to a letter advising the President, yes. They are in the negative as of September 30.
But of course Chicago getting the Olympics was more important...
8 posted on
10/03/2009 9:16:50 PM PDT by
autumnraine
(You can't fix stupid, but you can vote it out!)
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