The FDIC is back. At the margin the numbers are meek. 171 billion in assets, 60 billion held to maturity, funded by 200 billion in deposits (a guess) with over $150 billion uninsured that will receive an FDIC receivership certificate. The infection spreads through payroll processors that used the bank for, say, an 18 employee outfit in Texas. Venture capital debt covenanted startups to place 30% of monies raised with the bank. The CEO has been selling with abandon. A sample of other suspects
mc 4.24
the zero bound
science officers sold 30's
mc 5.29
mc 9.41
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