| The FDIC has begun the "death watch" on the many banks which are currently drowning in their own red ink. The problem for the FDIC is it has never supervised a bank failure which exceeded 175,000 accounts. So the impending financial tsunami is likely to be a crash-course in crisis management. Today some of the larger banks have more than 50 million depositors, which will make the FDIC's job nearly impossible. |
Read the rest of the story HERE:
At www.globalresearch.ca
At www.globalresearch.ca
