Question:

How much money does the FDIC have on reserve?

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Can't find it on their website.

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  1. Toes


  2. they have billions if the federal reserve  currently work for a bank that was seized by them

  3. hopefully enough . i have heard two people use the D- word (depression )

    in the past week .  

  4. They have none. It is all virtual, all promissory notes, no real money.

    They went bankrupt in the 70's I think. Not clear on the year, but now the are using virtual money with a promise to pay.
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