Please explain like I was a 5th grader (Page 2)

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2008-09-25 8:43 AM
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Subject: RE: Please explain like I was a 5th grader
condorman - 2008-09-18 10:20 AM
ScottoNM - 2008-09-18 9:31 AM

4) What happens when the FDIC fund is tapped out and the treasury has to backstop THAT beast?

There is no fear of this fund being tapped out - in fact this is not a rational concern.

FDIC May Need $150 Billion Bailout as Local Bank Failures Mount 

 http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=amZxIbcjZISU

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