Saturday, September 13, 2008

Bankers shocked by "The Mythical FDIC fund"

Bankers are apparently shocked (literally "SHOCKED" I tell you) to find out that the FDIC Insurance Fund is nothing more than an "accounting fiction"!How did they finally "discover" this? Well, a recent (8/27/08) document entitled "The Mythical FDIC Fund" (see PDF from link in destination article) written by Bill Isaac, former FDIC chairman.

read more | digg story

No comments:

11-20-2024

  Trump picks Dr. Oz to lead massive Medicare, Medicaid agency CMS, I guess Oprah gets Secretary of the Interior? The Right to Repair Moveme...