From Zero Hedge:

Sheila Bair came out with some very scary words for depositors everywhere:  “Without additional revenue beyond the regular assessments, current projections indicate that the [depositor investor] fund balance will approach zero”.

Even if the FDIC has all the funding it normally has, it’s not enough to handle a run on a money center bank…the Treasury would have to step in… but the fact that she is willing to risk undermining public confidence with words like these is unusual.

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