How many more banks will the FDIC take over today?
Every Friday seems to hold a surprise for us!....the number of banks going under! I find that it is not the number of banks failing that is noteworthy, rather the amount of money the FDIC must pay out to cover the losses. I suspect the FDIC will officially go broke covering bank losses (unless FDIC gets a bailout) by Sept 30th. Of course that will be bad for the country but positive for POG.