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More Banks in Trouble - FDIC Still Bankrupt - No Kidding!
Yup. See... That nutty FDIC thing inspires reckless loans (please look at the housing bubble in the late Eighties, early Nineties, which was inspired by an increase in the "insurance" offered to banks by the FDIC and FSLC).
And now, they need more of your money and the buying power of your dollar to "fix" the problem. Cute, huh?
http://online.wsj.com/article/SB125907631604662501.html?mod=WSJ_hpp_MIDD...
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