Too Big To Fail: Bank Of America Goes Bankrupt? So Does The FDIC

The FDIC has a herculean challenge in confronting the too big to fail banks.  There is little doubt that having institutions that are too big is part of the reason for the current systemic crisis.  Yet through the last few years the solution has been to make these banks even bigger allowing their web to spread even further and deeper into the economy.  The FDIC has an insolvent Deposit Insurance Fund (DIF) backing up $13 trillion in banking assets.  And what the banks call assets is simply stunning.  Bank of America for example has $2.3 trillion in assets (or a larger amount than the annual GDP of California).  Yet 41 percent of the assets are backed by loans, predominately real estate loans.Let us take a look at the breakdown of the $2.3 trillion:More Here..

Depression Test Depression Symptoms