where is FDIC getting the money to cover the losses from taking financial institutions into receivership?
over at bigpicture ritholtz posted a pull from bloomberg indicating fdic outlays in excess of their dwindling account...
scroll down
http://www.ritholtz.com/blog/wp-content/uploads/2009/07/credit-crisis-ou...
no?
what am i getting wrong here
a recent article (may 09) in the atlantic suggested they have an unlimited (kinda sorta) credit line with the treasury
http://business.theatlantic.com/2009/05/the_backdoor_bailout_for_banks_a...
what?
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