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mstrmac1
07-14-2008, 10:32 PM
Indymac bank has no more money.


http://www.youtube.com/watch?v=OHU-McEZYzk

Nanerbeet
07-15-2008, 12:02 AM
Welcome to Friday! Anyway, the FDIC iis there to hand out money to depositors so they can rush to the nearest well-known bank and deposit it, thereby essentially increasing those banks' reserves with FDIC insurance money. Question is how many banks have to fail before the other banks become well capitalized.

idiom
07-15-2008, 12:14 AM
FDIC only has so much....

Nanerbeet
07-15-2008, 01:24 AM
FDIC only has so much....


The Fed will just open the discount window to FDIC :) I think this is what they meant by "Contained"

smithtg
07-15-2008, 06:13 AM
http://upload.wikimedia.org/wikipedia/commons/c/ca/Inflation-1923.jpg