Annu Kumar
Full Access Member
http://www.fdic.gov/news/news/press/2008/pr08085.html?ref=patrick.net
FDIC i thought only had about 50 billion to cover this mess. Indy mac cost them 15 billion and now Washington Mutual. it is predicted that FDIC will atleast 150 billion since more and more banks will fail pretty soon. Will FDIC be in trouble also??
FDIC i thought only had about 50 billion to cover this mess. Indy mac cost them 15 billion and now Washington Mutual. it is predicted that FDIC will atleast 150 billion since more and more banks will fail pretty soon. Will FDIC be in trouble also??