During course of this year 99 banks have failed. All of them had their depositors money insure by FDIC up to $250,000. In contrast, only three banks total failed in 2007. Both Citigroup and Bank of America had huge losses this last quarter. They are the number one & two banks in size. FDIC is not in good health. People, our gov says all is fine, but I see a bank holiday in our coming years. The FDIC well is running dry and we are out of money.
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