Tuesday, August 31, 2010

Bank Runs - Part II

Problem banks . . .
The FDIC reported a second consecutive increase in its deposit insurance fund, -snip- but it still operates in the red, with a deficit of $15.2 billion.

Aaaaahhhh, so that's the reason to advertise with the typical government double-talk that "everything is OK folks, nothing to see here, move along . . . your deposits are safe."

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