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FDIC Is Supposed To Insure Banks, Not The Other Way Around

Posted by Casey on September 22, 2009

Need I really say more?

Regulators have approached big banks about borrowing billions to shore up the dwindling fund that insures regular deposit accounts.

The loans would go to the fund maintained by the Federal Deposit Insurance Corp. that insure depositors when banks fail, said two industry officials familiar with the conversations, who requested anonymity because the plans are still evolving.

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