In an interesting yet practical twist of fate, healthy banks may provide funding for the FDIC, whose charter is to insure bank deposits when insolvent banks go into receivorship.
http://www.nytimes.com/2009/09/22/business/22bailout.html?_r=2
See my recent blog on funding concerns regarding the FDIC:
http://gregnguyen.blogspot.com/2009/09/fdic-insolvency.html
I guess that's what happens when the back stop needs a back stop.
Tuesday, September 22, 2009
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