The FDIC is broke - that's bankrupt

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

more like a select group of smart criminal scammers running this place

jeffchr said:

lately i've been thinking how much time is left before this whole economy just collapses

bunch of idiots running this place

Click to expand...

Oct 25 is what I heard. Watch the price of Gold, when it goes up the dollar goes down.

It's a fact the we have basically doubled our money supply so it's just a matter of time before inflation kicks all our asses.