FDIC Is Broke?
Report: FDIC May Borrow Money From Treasury:
The Federal Deposit Insurance Corp (FDIC) might have to borrow money from
the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
http://moneynews.newsmax.com/headlines/fdic/2008/08/27/125366.htmlBANKING: Fannie and Freddie burden JPMorgan
As the banking sector braces for losses from the crisis gripping Freddie Mac
and Fannie Mae, the investment bank JPMorgan warned of a possible 600 million-dollar loss from its investment in the two mortgage financing groups.
http://tinyurl.com/6e7jezU.S. Says Banks on `Problem List' Rose 30% in Quarter:
The U.S. Federal Deposit Insurance Corp. said its ``problem list'' of banks
increased 30 percent in the second quarter to the highest total in five years as more commercial real-estate loans were overdue.
http://tinyurl.com/65dymvWill the dollar decline continue due to Treasury printing ever more money for bailouts related to failure to address reality and policy failures?
Where does this lead?