[lbo-talk] Bank? matress? bank? matress?.....

[Patrick Bond]

Joanna wrote:
> If Geithner's plan is as much of a piece of thuggery as it appears, 
> and if it all revolves around additional burden on FDIC, what is the 
> likely outcome for the banking system?
>
> Kiss your FDIC protected assets (bank account) goodbye?

FDIC has an obligation to pay up to $100,000, isn't that right? But does 
it say when?


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