Tippit
27th August 2008, 09:10 AM
This was alluded to in another thread, but looks like a looming possibility now.
(Reuters) - Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
...
FDIC may borrow money from Treasury: report (http://www.reuters.com/article/marketsNews/idUSBNG28670420080827)
(Reuters) - Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
...
FDIC may borrow money from Treasury: report (http://www.reuters.com/article/marketsNews/idUSBNG28670420080827)