Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: KC Burke

The FDIC will quickly be out of the equation.

The FDIC has capital of about $2 billion (as of about a year ago). If one of the “Top 4” goes, you can forgeddabout FDIC. We’ll be looking at a systemic failure the likes of which the FDIC is a grain of sand in the Sahara.


9 posted on 03/11/2023 6:11:55 PM PST by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
[ Post Reply | Private Reply | To 4 | View Replies ]


To: C210N

The FDIC has capital of about $2 billion


Where does FDIC park their capital?


10 posted on 03/11/2023 6:12:55 PM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 9 | View Replies ]

To: C210N

The $2 billion has to cover depositors up to $250k each.
So they could make 8 thousand depositors whole if all had the maximum exposure?
One word to summarize this situation: BOHICA


30 posted on 03/11/2023 7:13:31 PM PST by Honest Nigerian
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson