Monday, November 30, 2009

The FDIC goes Bankrupt


The FDIC goes Bankrupt
"In one of my earlier articles on 24th October 2009, I had talked about the slump in the FDIC's deposit insurance fund reserve ratio to 0.22.
According to the third quarter report by the FDIC, the DIF reserve ratio stands at a negative of 0.16.
This effectively means that the FDIC is bankrupt"
This is a disaster. And the Obama administration is TODAY forcing the banks into coddling the deadbeat mortgage cheats with even more of our money!

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