thumbtackelvis

WaMu on the Brink

The F.D.I.C. has roughly 53 billion to cover WaMu, NatCity and any one else. They will be short. Oh yeah, they spoke with the Fed about additional capital. Unless we witness a miracle in the credit markets, the F.D.I.C. will technically be insolvent and they will have to hit up the Fed for additional capital.
What a mess.