More On The FDIC Situation

On August 7th I posted some commentary titled “The FDIC Situation.”  Here is a story from The Wall Street Journal that does a good job of summarizing the situation there: http://online.wsj.com/article/SB125137695691263385.html?mod=djemalertNEWS One of the statistics of interest: “The FDIC’s insurance fund, which guards $6.2 trillion in U.S. deposits, fell to $10.4 billion at the quarter’s …

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The FDIC Situation

Ever so often I come across a story concerning the FDIC and its wherewithal to be able to cover its potential commitments. It appears to be exceedingly thinly funded in relation to potential liabilities.  This may not be a big issue going forward if the economy improves; however, it could become a very large issue …

Read moreThe FDIC Situation