On: Goldman, Morgan to Become Full-Fledged Banks

[nazgulnarsil]

the FDIC is a joke.

[nazgulnarsil → nazgulnarsil]

downmod all you want, it won't make your bank accounts any safer. does anyone remember when the FSLIC simply disappeared in the 80's?

"the FDIC’s reserves reported it had US$45.2 billion of reserves covering 1.01% of all deposits. This is considered historically low."

"FDIC Chairman Sheila Blair said yesterday that they may need to borrow money from the Treasury due to “short-term liquidity issues”"