FDIC may borrow money from banks to protect banks. (This is NOT satire)

Bob Morris, on Sep 22, 2009, 2:21 pm

Gosh, what could go wrong with a risky conflict of interest like FDIC borrowing money from banks so it can prop them up if they fail?

1 comment to FDIC may borrow money from banks to protect banks. (This is NOT satire)

Ten Bears
September 22, 2009 at 10:05 pm
Sunuvabiatch… I was talking with a pal just yesterday and the when FDIC’s potential insolvency came up, I said “they’ll borrow from the government”. Bailed out.
Sunuvabiatch…