Why will the FDIC never run out of money ??
Indymac wasnt even on the list till recent times.
Facts:
When the credit crisis first erupted last August the estimated writeoffs were US $200 Billion.
Last Qt 07 estimated losses US$ 400 Billion.
First Qt 08 " " " 1 Trillion.
Latest estimate " 1.6 "
Written off so far, US $ 400 billion, yes only 25% !!!
And the financials are rallying !!!!
BTW its not certain the Fed will bail out Fanny and Freddy.
If they do its the start of socialism.
bear market over, page-28
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Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |