StockFetcher Forums · General Discussion · Banks and Accounting<< >>Post Follow-up
3,314 posts
msg #95589
Ignore four
8/11/2010 6:02:15 PM

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The situation is likely even worse than the FDIC portrays, says William Black Associate Professor of Economics and Law at the University of Missouri-Kansas City.

“The FDIC is sitting there knowing that it has both the residential disaster and the commercial real estate disaster [and] knowing it doesn’t have remotely enough funds to pay for it,” he says.

650 posts
msg #95603
Ignore mystiq
8/12/2010 3:32:57 AM

good read

StockFetcher Forums · General Discussion · Banks and Accounting<< >>Post Follow-up

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