Indymac Circling Drain? Talk of FDIC claims?

[Lawrence R.]

http://www.reuters.com/article/mark...709?rpc=44&pageNumber=4&virtualBrandChannel=0

Hope the link works. Anyway, is anyone a little worried to find that the FDIC only carries 53 billion in reserve to handle potential claims?

And that IMB alone could represent 6-7 Billion?

Don't worry. The article goes on to say that the FDIC will quickly replenish that by applying an assessment on healthy banks.

I know I feel much better.

 

[Financially Feasible]

The article goes on to say that the FDIC will quickly replenish that by applying an assessment on healthy banks.

(my bold)

Isn't that an oxymoron... at least in this day and age?

 

[Workbox]

2 weeks ago my dad was asking me if it was a good idea to take you money out of the banks? I stared at him for a long time. My gut tells me Yes, My reasoning (what little I have left) says no...............