$32 Billion set aside for bank failures expected to occur in coming months

[BR_Parkway]

Reading through an article on FDIC potentially borrowing money from banks rather than hit them with another special assessment - came across this wonderful little gem:

Since January the F.D.I.C. has seized 94 failing banks, causing a rapid decline in the deposit insurance fund. Despite a special assessment imposed on banks a few months ago to keep the fund afloat, its cash balance now stands at about $10 billion, a third of its size at the start of the year. (Another $32 billion has been set aside for failures that officials expect to occur in the coming months.)

http://www.msnbc.msn.com/id/32963393/ns/business-the_new_york_times

[kentuck]

1. That would be 3 years of health coverage for all our people...

according to estimates of present cost of President's plan.

[Romulox]

2. How does that figure into the "profit" the bailout boosters are claiming we've earned

on the bank bailouts? :shrug:

[BR_Parkway]

3. Probably as ficticious as a lot of the other bank numbers lately

seems like they reversed mark to market specifically to keep from having to declare more banks insolvent