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February 09, 2007
That Comfy Cozy Nanny State
A look at
the northern version of the FDIC and Canadian banking in general.
the northern version of the FDIC and Canadian banking in general.
We've seen exactly this happen in the US during the S&L scandal of the late 80's. The sister body to the FDIC, the FSLIC (which covered S&L's specifically) went insolvent and the entire debacle is said to have cost the American taxpayer $150 billion.
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Posted on February 9, 2007 02:44 AM by money 649.
Filed in Money in the Bank under money in the bank.
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