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Is the FDIC Predicting Another Bear Stearns Or Something Worse?

Posted June 23, 2008

“In all my years of reading the Journal and other financial newspapers, I’ve NEVER seen the FDIC advertise their work. So doesn’t it seem a little suspicious that the FDIC took out a full-page ad in the midst of the country’s worst financial crisis since 1990?” — Eric Roseman

by Eric Roseman

Baltimore — (TFN): Something smells a little fishy to me…The Federal Deposit Insurance Corporation (aka the “FDIC”) just launched a series of full-page advertisements in U.S. newspapers. On the surface, these ads are celebrating the FDIC’s 75th anniversary.

According to the ad, the latest campaign, published in Monday’s Wall Street Journal, celebrates the institutions’ long-term safety net of public funds up to US$100,000.

The full page, and no doubt expensive, ad serves to remind depositors that the FDIC is there to protect cash deposits and CDs.

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In all my years of reading the Journal and other financial newspapers, I’ve NEVER seen the FDIC advertise their work.

So doesn’t it seem a little suspicious that the FDIC took out a full-page ad in the midst of the country’s worst financial crisis since 1990?

I’ve got to wonder if the FDIC is firing a warning salvo ahead of a rash of small bank failures in 2008 and possibly, in 2009. Read on to learn where the next Bear Stearns banking collapse could happen.

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Posted by Eric Roseman · Filed Under US Stocks and Markets 

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