Wednesday, August 27, 2008

Analyst: FDIC Will Need Half A Trillon Dollars

Chris Whalen, managing director of Institutional Risk Analytics, in an interview on CNBC, said:

They need about a half a trillion dollars in borrowing authority, and they need a vehicle to own these banks while we triage them and sell them.


The FDIC Deposit Insurance Fund currently has approximately $50 billion in assets.

He also said a big bank could go down:

It depends on the loss rate. If we are way over 1990s levels, by say the third quarter, then I would tell you there’s going to be some institutions that may not be able to raise private capital and may need a bridge.

13 comments:

  1. And guess who's going to have to pay it. Yes, we the taxpayers. For once can't the elite pay for their own perfidies.

    ReplyDelete
  2. Truth is we will default on all the dept acquired as it will be impossible to repay it without confiscating all the assets of the country. This is a attempt to put America into perpetual bondage, that is to fleece productive wealth of our country. The end result will be as all the prior NWO acquiring of countries, hyper inflation and a redistribution of the countries wealth to the international bankers. Welcome to the 21st century slavery.

    ReplyDelete
  3. Truth is we will default on all the dept acquired as it will be impossible to repay it without confiscating all the assets of the country. This is a attempt to put America into perpetual bondage, that is to fleece productive wealth of our country. The end result will be as all the prior NWO acquiring of countries, hyper inflation and a redistribution of the countries wealth to the international bankers. Welcome to the 21st century slavery.

    ReplyDelete
  4. I like the way Ron Paul put it, "you either pay off a loan or you default. There are no other options" We can't make the interest, much less pay it off. There is not even enough money in circulation. All Ponzi schemes eventually cave. The Federal Reserve is the biggest Ponzi ever foisted in world history.

    ReplyDelete
  5. Ron Paul WAS the only SANE politician in the race for the Republicans. Too BAD they blackballed him at most debates, BUT they KNOW the truth, and that it is NOT the way politicains operate. Lies, piled upon lies AND, they hope they are out of office before it all comes out.
    This IS the final chapter in what was a GREAT country ...until the Banksters took it over. Eagle

    ReplyDelete
  6. Social Security now FDIC... is it really that surprising that gov can't manage crap... even though they are unable to manage individual institutions yet there are believers that have faith that gov can run this country... into the ground that is!

    ReplyDelete
  7. Just print-out one $8 Trillion dollar note, give it to the "Fed" & tell them all that all debts have just been paid, now they need to leave town immediately before a lynch mob forms.

    ReplyDelete
  8. We had a change with Ron Paul, but the majority of the populace is too stupid to know what is really going. Wait for after the elections for shhiit to realy hit teh fan.

    ReplyDelete
  9. FDIC is bankrupt. Its not disclosed. They dont have any insurance to Banks. Put your cash under your bed, walls, like our forfathers. Your CDs and deposits are not protected, its a myth. If the public knew the FDIC truth, its broke also their would be PANIC!

    ReplyDelete
  10. Why do people post such silliness? The FDIC cannot go bankrupt because it is backed by the "full faith and credit of the U.S. government. The U.S.A. can never go "bankrupt" because all its debts are denominated in its own currency, the U.S. dollar. It has a printing press. It can always replace every dollar you lose when a bank goes belly-up. However, the value of money is based on its rareness. What will those newly printed dollars will be worth is the question...

    ReplyDelete
  11. half a trillion for the FDIC, $800 billion to potentially $5 trillion for Freddie and Fannie=chump change, $10 trillion that Catherine Austin Fitts says is "unaccountable"=a minor adjustment, ALSO, $53 trillion in entitlement payments due and a $10.5 federal debt ceiling= that's serious chump change, BUT, $200 trillion to $1 quadrillion in derivative securities held worldwide that have to resurface sooner or later on a bank balance sheet as assets=now your talking about real money!!!!

    ReplyDelete
  12. RE: savings act
    If people are paid off/back
    with newly printed funds,
    where do they put them?
    what about inflation?
    RE: precious metals?
    If some firm sells metals
    to investers, what does the]
    firm do with the... checks, paper?

    ReplyDelete
  13. We are so far in dept that we have no way of paying it back. Its just a matter of time when UK and China called in their markers.

    ReplyDelete