There’s some concern that the FDIC may run out of money, although they’ve been trying to avoid borrowing from the Treasury (their lender of last resort) by asking banks to prepay deposit insurance premiums for the next 3 years (cash for clunkers in reverse, one supposes).
What this says is that the economy remains moribund, and that continuing losses from real estate loans will plague the banks for years to come.
Gorilla thinks: “The toasters soon will be toast!”
