[Russ Winter]

The FDIC second-quarter bank report is out, and superficially everything looks to be treading water and status quo. Sheila Bair, Chief FDIC mucky muck, says assets backing the  bank’s collateral are stable.  Translated: We are still extending and pretending. The deposit insurance fund (DIF) is still in the hole, with a $15.25 billion deficit.  With this fund, [...]

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