RatWatcher

Will the FDIC Be Able to Withstand 400 Bank Closures?

"Second, did the FDIC ever run out of money during the S&L crisis? No, it did not. So a comparison is kind of ridiculous in my opinion."

Please correct if I am mis-remembering, but weren't the S&L covered by an agency called FSLIC? If so, there would be no reason for the FDIC to run out of money, or be involved at all.....