The FDIC Needs To Borrower $500 Billion

The Wall Street Journal reported that “The FDIC is looking to borrower $500 billion.  The Wall Street Journal reported that Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department.”

 

http://online.wsj.com/article/SB123630125365247061.html?mod=todays_us_page_one