FDIC Report: ‘We Were Broke And Getting Broker’

See also: FDIC Reports 27 Percent Jump In Problem US BanksAmazing…700 troubled banks is bad, and far worse than 552 last quarter.But the $20.9 billion loss in the deposit fund, after losing $8.2 billion last quarter, is beyond bad and well into the psychotropic medication range.Remember that the Deposit Insurance Fund went negative last quarter. Now [...] continue reading the breaking news