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the FDIC is a joke.
by nazgulnarsil 18y ago
the FDIC is a joke.
- nazgulnarsil 18y agodownmod all you want, it won't make your bank accounts any safer. does anyone remember when the FSLIC simply disappeared in the 80's? "the FDIC’s reserves reported it had US$45.2 billion of reserves covering 1.01% of all deposits. This is considered historically low." "FDIC Chairman Sheila Blair said yesterday that they may need to borrow money from the Treasury due to “short-term liquidity issues”"