mojo442

FDIC's Insurance Deposit Fund: How's That for Under Capitalized?

The article about the undercapitalization of the FDIC brings to the table the truth about how the politicians play with the economy.First they let the mortgage industry write fraudulent mortgages for years, then they suck the equity out of capital appreciaition in the hosing market, turn into consumer indiscretionary spending and then the whole bubble collapses when the investment banking firms sell mortgage products backed by air and rated AAA.

Where were the regulators? This country is in deep shit( can i say that)We have to reorganize our economic priorities and stop allowing the pyramid to become steeper