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roguedolphin

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roguedolphin

Re: None

Tuesday, 07/15/2008 1:11:56 PM

Tuesday, July 15, 2008 1:11:56 PM

Post# of 33753
How Much Uninsured Deposits Are At Risk?
http://globaleconomicanalysis.blogspot.com/2008/07/how-much-uninsured-deposits-are-at-risk.html
Five banks have gone into receivership this year, the latest of which is IndyMac which became the largest OTS-regulated savings and loan to fail and second-biggest financial institution to close behind Continental Illinois in 1984, according to the FDIC.

Nonetheless, the FDIC is very fond of saying "No saver has ever lost a dime in federally insured deposits."

That's fine and dandy but inquiring minds are looking ahead and asking "How much uninsured money is at risk, not just at IndyMac but in the entire system?" ...
Mish
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