International Forecaster

What Is The FDIC Preparing For?

Is Bob Chapman of the International Forecaster correct when he says that his sources state that there are actually 2,035 banks in trouble and that in 2010, he expects between 2500 and 3000 bank failures? (See below post for audio.) Is he also correct when he states that this will cost the FDIC some $800 Billion to $1 Trillion dollars?  What about that $800 Billion that Fannie and Freddie supposedly need?  I'm still searching for confirmation of those exact numbers. Is this what Chapman is talking about? Bank Agency Boosts Budget 35% The Federal Deposit Insurance Corp. in the next…
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