Yeah, heard this several days ago I think, when they were still weighing their options. It sure is "funny" isn't it?
I don't think the FDIC is in trouble though. They're only taking this route because they're trying to do this without getting any government subsidies involved....
The FDIC is definitely "Too Big to Fail" though, so worst case, it gets bailed out by Uncle Sam, and we move on as before.
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