jeffchr
Well-Known Member
The FDIC is out of money. Geitner is arguing with Sheila Bair (chairwoman of the FDIC) over a solution - well that's an overstatement. It looks like the FDIC will borrow money from the big banks to fund the takeovers of the unsuccessful banks.
article is here
http://www.nytimes.com/2009/09/22/business/22bailout.html?_r=1
(New York Times)
lately i've been thinking how much time is left before this whole economy just collapses
bunch of idiots running this place
article is here
http://www.nytimes.com/2009/09/22/business/22bailout.html?_r=1
(New York Times)
lately i've been thinking how much time is left before this whole economy just collapses
bunch of idiots running this place