GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Can the Governments FDIC run out of money?

wiggitywack · 09-17-2008, 10:37 AM

I thought I heard the other day the FDIC has only $50 billion on hand.
One or 2 big depost banks like Washington Mutual goes down, they could be out of cash.

Then if other banks fail, the treasury would have to simply print more money to honor insured cash on those accounts. The result of that would be the dollar would crash and inflation would take off. Hoping none of this happens, but who the fuck knows now.

09-17-2008, 10:37 AM
wiggitywack Confirmed User Industry Role: Join Date: Mar 2004 Posts: 561	I thought I heard the other day the FDIC has only $50 billion on hand. One or 2 big depost banks like Washington Mutual goes down, they could be out of cash. Then if other banks fail, the treasury would have to simply print more money to honor insured cash on those accounts. The result of that would be the dollar would crash and inflation would take off. Hoping none of this happens, but who the fuck knows now.