FDIC Balance Sheet as of 10-20-2008
This balance sheet is published on the web, but for your convenience, you may CLICK HERE to view it. Definitely looks like our higher math skills are not needed to see a deficit here. Take a peek for your self. The FDIC initially came up with a statement of $8.9 billion as their cost, now it’s running $16.6 billion? Well, the offer is in (according to the press) for $14 billion. Where is the $540 million for us? It already looks like a $2.6 billion dollar deficit.