National Debt Clock

Tuesday, September 22, 2009

FDIC Weighs Extraordinary Steps to Shore up Fund

The Federal Deposit Insurance Corp. is weighing several costly -- and never-before-used -- options as it struggles to shore up the dwindling fund that insures bank deposits.

The agency is considering borrowing billions from healthy banks.

The FDIC is going to bail itself out with money from banks which itself insures? Are you serious!

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