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FDIC Insures $4.7 Trillion in Deposits with a $13.6 Billion Deposit Insurance Fund. This is Like Going into a Hurricane

Posted by drhousingbubble 1116 days ago (http://www.mybudget360.com)
Category: Business | Tags: banking econ money savings fdic fund
FDIC backs $4.7 trillion in deposits with a deposit insurance fund of $13 billion. The FDIC is playing with banking fire. 32 banks have already failed in 2009 costing the fund $5.3 billion.
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