The FDIC reserve fund has never been fully funded; in fact, the FDIC is normally short of its total insurance exposure by more than 99%. Congress granted the FDIC the power to borrow up to $500 billion from the Department of theTreasury, making the system effectively backed by theFederal ...
The FDIC currently has 416 financial institutions on its "problem list," the highest number since June 1994. The agency now expects bank failures to cost the fund $100 billion over the next four years, with the bulk of the costs coming this year and next. Bank Failure Culprit: Real Estate...
When a bank has a fixed charge on an asset and another has both a floating and fixed charge over the asset of a company, what happens during liquidation? What would have happened if the government just fulfilled its promise to guarantee ...
Dollar is backed by the very stong will of US taxpayers, who are now very sure, that they aren’t slogging to pay back debt, that govt created to bail out multi-billionaires. Good thing is that there are so many options. Just check how Russia has been bypass...
The FDIC reserve fund has never been fully funded; in fact, the FDIC is normally short of its total insurance exposure by more than 99%. Congress granted the FDIC the power to borrow up to $500 billion from the Department of theTreasury, making the system effectively backed by theFederal ...