FDIC runs under as of today

"The insurance fund will run a deficit as of tomorrow after 120 banks failed in the past two years, the agency said today. Half the costs from seized banks have been incurred already and prepaying the fees will raise $45 billion, the FDIC said. The agency rejected options for a second special fee or borrowing from the Treasury Department. "

http://www.bloomberg.com/apps/news?pid=20601087&sid=aidlDq7Z4Yyk

"When you see that trading is done, not by consent, but by compulsion — when you see that in order to produce, you need to obtain permission from men who produce nothing — when you see money flowing to those who deal, not in goods, but in favors — when you see that men get richer by graft and pull than by work, Your laws don’t protect you against them, but protect them against you — when you see corruption being rewarded and honesty becoming a self-sacrifice — you may know that your society is doomed." - Ayn Rand

Bank runs at 9 shape, anyone? Ha Ha Ha

My school is about ten feet (literally) away from the FDIC building. I can see t from where I'm sitting right now!

Three more banks gone under...you meant less than than five...Wow, a sure sign we are on the rebound \o/

http://www.fdic.gov/bank/individual/failed/banklist.html

Nine more to the list today

http://www.fdic.gov/bank/individual/failed/banklist.html

Keep the money press running