Showing posts with label insured bank deposits. Show all posts
Showing posts with label insured bank deposits. Show all posts
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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