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

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?

One comment

  1. Ten Bears
    Sep 22, 2009 / 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…

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