FDIC only had 19 Billion on hand in Dec 08

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Posted by 48PW on Monday, March 09, 2009 at 16:33:17 :

In Reply to: Inflation posted by David Sherman on Monday, March 09, 2009 at 14:42:36 :

The FDIC only had 19 Billion on hand in Dec 08.

In the last couple of weeks they have asked Treasury for access to 300 Billion.

Is that the sound of feces hitting the fan?


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