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

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