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IPFS News Link • Federal Reserve

Mish: FDIC Woefully Underfunded; Problem Institutions Soar

04-23-2009 • Michael Shedlock / Mish

Reserves have plunged, no doubt on their way to negative territory as the number of problem institutions soars. Expect to see requests for more taxpayer bailouts as the FDIC well runs dry.

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Reported By Jack Gregson

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Mish: FDIC Woefully Underfunded; Problem Institutions Soar

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