FDIC Hits Record "Default" Level

Zero Hedge reports: FDIC Hits Record “Default” Level As Deposit Insurance Fund Plunges By $12.7 Billion To NEGATIVE 20.9 Billion

Of course, what’s really important are the Zero Hedge user comments – which I find ridiculously humorous.

Ahhh, I love the smell of financial collapse in the morning.


Take your soma.

You will get paid 100 cents on the dollar in nominal terms.

Disclosure: long wheelbarrow makers.

Think horizontal integration. Long: wheat, yeast, ovens, bicycles, and wheelbarrows. “Home delivery available!”

I am intrigued by your position in wheelbarrow makers. What is the ticker symbols of the wheelbarrow makers you invest in?
Fresno Dan

I’m eagerly awaiting a Congressional blue-ribbon committee on “experimental accounting.”

Didn’t you hear?  Accounting is being added to the X-Games in 2010.  It is the newest extreme sport — all the kewl kids are doing it.

I think its abundantly clear we are screwed.

There’s really not much left to say about this other than suggesting good websites that teach you how to build a bunker and storehouse food stuffs.

As the nation implodes, there will be chaos and unrest.  When people have nothing left to lose, they lose it.

Starving plebes make for angry plebes.