Group: alt.society.liberalism · Group Profile · Search for indymac in alt.society.liberalism
Author: Steve
Date: Aug 20, 2008 17:01
Cheetah wrote: According to the July 28, 2008, issue of Newsweek, Daniel Gross writes: "While the FDIC has weathered its first 75 years quite well, it still faces some issues. By law, it maintains a rainy-day fund equal to 1.25 percent of the level of insured deposits. The result: today, some $52.8 billion -- all of it in ultrasafe Treasuries -- stands behind $4.2 trillion
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