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To: laplata
Yep. The FDIC only has only about $11 billion to cover all the deposits. A drop in the bucket.

But the FDIC's big daddy has trillions of dollars, and the ability to step on the buck, should that prove insufficient.

52 posted on 11/16/2014 9:31:49 PM PST by cynwoody
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To: cynwoody

Good point.


83 posted on 11/17/2014 8:11:10 AM PST by laplata ( Liberals/Progressives have diseased minds.)
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