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Old September 18th, 2008, 08:31 AM
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Maladominus Maladominus is offline
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Default Thinking Evil Thoughts: "What if...."

What if....

Quote:
FDIC Warns of More Bank Troubles

The health of U.S. banks is quickly deteriorating, and the government fund set up to protect depositors might not have enough money to insure everybody, analysts told ABCNews.com.

At the beginning of the year, 90 banks were on the FDIC watch list. There are now 117, FDIC chairwoman Sheila C. Bair announced at a news conference this afternoon. That is the highest number in five years, but some analysts expect the list to grow even more in coming months.

The FDIC doesn't publicize the names of the banks on its watch list. The theory is: If the list were disclosed, customers would pull their money out of the troubled banks, causing many of them to fail.
What if.... someone... uhh.... publicly leaked that ultra-secret list of banks?

I told you I was having evil thoughts tonite!

I am having a flashback to an old scene from Mary Poppins (Julie Andrews) where a panicked horde of depositors storm the Bank of England, demanding withdrawal of all their savings, causing The Bank to collapse.

Quote:
Reich said the chances of the FDIC completely depleting its reserve fund is "unlikely but certainly not impossible."

Last edited by Maladominus; September 18th, 2008 at 08:34 AM..
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