Frank Wrote:
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> pgens Wrote:
> --------------------------------------------------
> -----
> > you people are stupid Wrote:
> >
> --------------------------------------------------
>
> > -----
>
> > Odd, coming from someone who posts stuff that
> is
> > wrong. FDIC is not out of money, they haven't
> > come close to even tapping half their reserves
> > with all the bank failures that have already
> > happened.
>
> Really? Wow - you should let Sheila Blair, head of
> the FDIC know! She thinks it is going broke fst,
> and is trying to come up with ways to keep it
> going with new sources of funding. I am sure she
> will be VERY relieved that she is wrong to worry!
>
>
http://www.bloomberg.com/apps/news?pid=20601039&si
> d=aEKc7Yh8ogXw
Frank = asshole. You are quoting a post I wrote over a year ago, and at the time it was true. Only after the many 2009 failures (which rarely make the news anymore) is the FDIC in need of backstopping, and they are looking to do it through accelerated fee payments from the banks that are still alive.