endoftheworld

If the FDIC Is Broke, Why Are They Still Issuing Guarantees?

What difference does it make whether a government institution is insolvent or not? When the government has basically declared that banks will be saved at all costs, no higher priority, and the government has a printing press, of COURSE they're going to back CITI's debt or any other debt, even yours, if you have mortgage. Why shouldn't this be expected?