Super Off Topic Syndicate - View Single Post - FDIC Warns of More Bank Troubles. but dont worry, our economy is fine :bblz:

**Broken5hift** · 08-28-2008, 09:58 AM

Quote:

Originally Posted by unlawflcombatnt

Thank you.

I think I found the answer to my own question. IndyMac has assets valued at $32 billion. But deposits are only valued at $19 billion. So the FDIC (and their taxpayer backstop) might be on the hook for the $18 billion of FDIC-insured deposits, not all $32 billion of total assets.

yep, the FDIC only insures the deposits, not the assets. still a troubling number though.