FALL FROM GRACE
FDIC
opinion
LET THE FDIC DO ITS JOB
Banking Reform
As the Senate takes up financial reform, the future of the economy is at stake. So why is the debate about a bill that protects Washington's Wall Street friends?
The FDIC chair claims they won't go broke as they're backed by the government's 'full faith and credit.' What's the exchange rate now for faith to Euros? Clip above; full video here.
Why not? Because it fails the president's own test: It won't get credit flowing again.