Quote:
Originally Posted by wiggitywack
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.
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See that's what i'm hearing. They throw around $billions like its monopoly money but the reality is there is a cap on what the fed can do and how much they can secure. It's getting scary hope your scenario doesn't come to fruition.