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Owen
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The FDIC's Deposit Insurance Fund $19 billion "balance" is an accounting fiction. The FDIC has the full resources of the US Treasury behind it, and can spend trillions if it has to.
Apr 28 06:40 am
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All Comments by Owen »Latest Additions to the Bank Failure List: 4 Banks, 1 Credit Union [View article]
As long as the Treasury can sell US dollar denominated assets such as bonds, the FDIC's resources are effectively limitless.