Chart o' Doom



crazynutjob: CHART OF THE DAY: The FDIC Is Going Broke The clusterstock headline is inaccurate. Between the bank failures over the last two months (that last datapoint is March 31) and loan guarantees, the FDIC fund is empty. Unfortunately, we won’t actually be told of this until September, when the July datapoint is made available. In the interest of preventing panic, remember that the FDIC can borrow from the Treasury to make up any shortfalls.

crazynutjob:

CHART OF THE DAY: The FDIC Is Going Broke

The clusterstock headline is inaccurate. Between the bank failures over the last two months (that last datapoint is March 31) and loan guarantees, the FDIC fund is empty. Unfortunately, we won’t actually be told of this until September, when the July datapoint is made available.

In the interest of preventing panic, remember that the FDIC can borrow from the Treasury to make up any shortfalls.

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    almost all of my financial news these days. If you’re not reading his blog, you should.
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