FedUpUSA

The Ultimate Ponzi Scheme – FDIC is Backing $5.3 Trillion through the Deposit Insurance Fund that now has a Balance of -$20.8 Billion. FDIC has Cash and Marketable Securities of $66 Billion. Is that Really Enough to Back Every Account for $250,000?

  The Ultimate Ponzi Scheme – FDIC is Backing $5.3 Trillion through the Deposit Insurance Fund that now has a Balance of -$20.8 Billion. FDIC has Cash and Marketable Securities of $66 Billion. Is that Really Enough to Back Every…

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Not Again…. (CDS)

Not Again…. (CDS) Posted by Karl Denninger Gee, didn’t we see this movie a couple of years ago?  (See article posted directly below this one.) Echoing the kind of trades that nearly toppled the American International Group, the increasingly popular insurance against…

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