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Old 08-21-2009, 12:28 PM   #9
Steve_A
Project Avalon Moderator
 
Join Date: Sep 2008
Location: Northeastern Brazil
Posts: 1,259
Default Re: Colonial Bank Goes Bust

Hi alyscat,

The answer to your questioncould very well be answered on 25th of August, when the FDIC has to publish its' second quarter financial report on US banks.

It is thought by some to be already borrowing money from the FED.

A good article about this can be seen at the following link:

http://www.lewrockwell.com/sardi/sardi116.html

Best regards,

Steve


Quote:
Originally Posted by alyscat View Post
The big question is, is FDIC bust?
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