There's no reason the FDIC would need to pay out $55T. They only need to cover i...

tedunangst on March 18, 2012 | parent | context | favorite | on: Bank of America: Too Crooked to Fail

There's no reason the FDIC would need to pay out $55T. They only need to cover insured deposits. Moving bad bets onto the books makes the insured deposits riskier, but it doesn't insure the bad bet as well.