Quote:
Originally Posted by Broken5hift
[url=http://abcnews.go.com/Business/story?id=5660122&page=1]For instance, of IndyMac's $19 billion in assets, about $1 billion in deposits were not insured, and the bank had enough other assets to pay back an additional $9.1 billion. The FDIC estimated today that it would have to pay out $8.9 billion in insurance, up from previous estimates of $4 billion to $8 billion.
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Does this mean that the final amount the FDIC has to pay out could be as high as the $18 billion in total insured assets of IndyMac?
Also, another source I've seen puts IndyMac's assets at $35 billion, which would make the potential draw on the FDIC much higher.
unlawflcombatnt
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