tag:blogger.com,1999:blog-7475829827879308509.post2938526569730489933..comments2024-02-14T15:13:54.775-05:00Comments on Turonistan: The FDIC Is Going BrokeTurk Turonhttp://www.blogger.com/profile/02648721047835980871noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7475829827879308509.post-47968737137346820112009-08-27T17:33:33.831-04:002009-08-27T17:33:33.831-04:00Well, as of a little bit ago, the FDIC does have t...Well, as of a little bit ago, the FDIC does have the ability to go to the treasury for recapitalization. While things were pretty grim a couple of months ago, so far times are a bit more stable.<br /><br />Yes, there will continue to be banks failing, with an occasional big bank going down. And as any banker can tell you, it's the small banks that suck the most FDIC resources.<br /><br />I'm also beginning to be concerned that stable banks big enough to take over the assets of a failed bank are a finite commodity. Then we've got to look overseas. That's gonna be a can of worms.<br /><br />I'm cautiously optimistic things now are do-able, unless we get another dip of recession.<br /><br />We're in completely uncharted waters now. If, as I expect, we get another dip, followed by a jobless recovery, then the world of finance gets... interesting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7475829827879308509.post-90992756269769811972009-08-27T00:11:41.199-04:002009-08-27T00:11:41.199-04:00And this is just ONE of many impacts I believe we ...And this is just ONE of many impacts I believe we will see in the coming years...<br /><br />WV-thruthesOld NFOhttps://www.blogger.com/profile/16404197287935017147noreply@blogger.com