FDIC is still Bankrupt

As we reported back in June, the FDIC is effectively bankrupt.

Your deposits sitting in bank accounts are insured by a entity that is effectively bankrupt.

http://oahutrading.blogspot.com/2009/06/fdic-is-effectively-bankrupt.html

And for a study guide to "backwardation" (no this doesn't mean you move to West Virgina), please check out Bill Cara's blog. Wow.

http://caracommunity.com/content/caras-commentary-community-chat-tuesday-aug-25-2009