The FDIC chief said..."Without substantial amounts of additional assessment revenue in the near future, current projections indicate that the fund balance will approach zero or even become negative," she wrote.
The fund balance could become
negative?
How do they do that? They would be able to pay out money to depositors even though they don't have money to pay out? The FDIC gets to create money, too????
If the FDIC can pay depositors with negative money, then negative is positive. I think George Orwell forgot to chalk up a little rule in Animal Farm, unless "Less is More" covers this situation, too.