angndon
September 16th, 2008, 7:48pm
This article was on Yahoo front page yesterday!
That "run" could accelerate as people realize the FDIC fund has about $50 billion to "insure" about $1 trillion in assets at the nation's financial institutions,
Read the entire article (I can't find the yahoo version of the article but this is the same one)
http://moneynews.newsmax.com/streettalk/nouriel_roubini/2008/09/15/131028.html
That "run" could accelerate as people realize the FDIC fund has about $50 billion to "insure" about $1 trillion in assets at the nation's financial institutions,
Read the entire article (I can't find the yahoo version of the article but this is the same one)
http://moneynews.newsmax.com/streettalk/nouriel_roubini/2008/09/15/131028.html