Mmm...what does $700 billion get you....we'll if you look at the Federal Insurance Insurance Corp (FDIC) Call Reports for 31 March 2008. Check out the Banks with most residential mortgages.
Bank of America ($312 billion)
Citbank ($198 billion)
Wachovia Bk ($170 billion)
JP Morgan Chase ($156 billion)
Wells Fargo Bk ($125 billion)
SunTrust Bk ($54 billion)
So $700 billion could help maybe the top 5-6 banks with mortgages...how about the other 1400 banks down the list?
btw, this excludes Thrifts with mortgages!!!!
Mmm...what does $700 billion get you....we'll if you look at the...
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