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The time is now 8:51 pm
You last visited
April 19, 2024, 3:16 pm
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FDIC spokesman Andrew Gray said the idea behind increasing the credit line is to give the agency additional flexibility in funding, and is unrelated to its ability to meet obligations to bank depositors.
The FDIC is "backed by the full faith and credit of the United States government," Gray said. "We can and always will be able to meet our obligations to depositors."
Then I see another headline of most big corporations tanking.
The stock market will be below 6,000 today.
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