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Religion & Law

: Constitutionally Correct

The Coming Deposit Insurance Bailout: Another Lesson that Federal Guarantees Aren?t Free

By ADF Alliance Alert

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Wall Street Journal: "The Federal Deposit Insurance Corp. reported late last week that the fund that insures some $4.5 trillion in U.S. bank deposits fell to $10.4 billion at the end of June, as the list of failing banks continues to grow. The fund was $45.2 billion a year ago, when regulators told us all was well and there was no need to take precautions to shore up the fund."

Full post as published by Constitutionally Correct on September 01, 2009 (boomark / email).

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