Cooma
Re "there are up to 100 US banks close to the Indymac situation" You mean there are 90 banks on the FDIC problem list, the average failure rate of these is 13%. Five have failed already, maybe seven to go.
As per Yahoo article.
http://biz.yahoo.com/cnnm/080718/071808_fdic_list.html?.&.pf=family-home
The FDIC will never run out of funding. It would be topped up as and when required.
bear market over, page-25
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