Quote:
Originally Posted by unlawflcombatnt
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
Economic Populist Forum |
well from what i understand thats where the tax payer comes in to cover the rest. and its no small chunk of change. Bernanke and his fellow tards of industry cant figure out how to move forward with securing the banks, in the meantime i found this article troubling because the FDIC is more or less stating it doesnt come close to being able to cover them if they fail.