Drudge is running a screaming headline that the FDIC is running short of funds. No kidding. The government has bailed out Bear Stearns, Fannie/Freddie, AIG. Do people seriously think the government won’t live up to deposit insurance commitments while bailing out institutions far down the list of government concerns than the bank accounts of the average taxpayer? Please. Noriel Roubini, Chris Whalen and all the others predicting bank runs are just panic merchants, full stop.
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