Saturday, May 22, 2010

Nothing to see here

The Wall Street Journal reports that 10% of U.S. banks are now on the FDIC's "problem bank list."

By the way, that same Federal Deposit Insurance Corporation is supposed to have tens of billions of dollars of credit as insurance for our savings accounts when a bank goes under, but instead the fund is now $20 billion dollars in debt.

Not to worry though. Everything's going to be just fine. Really.

1 comment:

Cathy said...

Whew. OK. Thanks.

I was starting to worry.