Tuesday, April 16, 2013
The FDIC Illusion of Insured Bank Deposits
So let me get this straight. The FDIC is the federal government agency which insures deposits. There is $25 billion in the FDIC. Yet, there is $9.2 trillion in deposit accounts in US banks, and $300 trillion in derivatives exposure. Got it--all is fine.
http://demonocracy.info/infographics/usa/fdic/fdic.html
Labels:
FDIC,
illusion,
insured bank deposits
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