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« And While We're On That Subject... | Main | On our way ... »

How Bad Is This Gonna Get?

Link: FDIC may borrow money from Treasury: report - Yahoo! News.

(Reuters) - Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported. ADVERTISEMENT
The borrowing could be needed to cover short-term cash-flow pressures caused by reimbursing depositors immediately after the failure of a bank, the paper said.

The FDIC has like $25-Billion of capital with which to "insure" trillions of dollars of bank deposits. Just how much borrowing are they gonna hafta do?

Posted at 12:23 PM | Permalink

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