WEDNESDAY AUGUST 27
Uh Oh, the FDIC Needs Cash Too

When the agency that’s supposed to insure American’s hard earned cash up to $100,000 per institution needs to borrow money, you know you have a problem. We know we’re an overleveraged nation when the backstop to America’s fast-diminishing savings has to rob Peter to pay Paul. When mattress sales go up 50% next quarter, we’ll know why.

August 2008

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