[ThoughtAddict]

Originally Posted by Dan.Linehan

The FDIC only has assets to cover a little over 1% of what it is responsible for insuring.




How Safe is your wealth with the FDIC?

FDIC quarterly report indicates a coverage ratio of $.89 for every $1.00, or 89%. Is there something I'm missing?

http://www4.fdic.gov/qbp/2008mar/qbp.pdf