Nouriel Roubini - Americans Should Worry About Bank Deposits if Congress Doesn't Act

There is already a "slow-motion run on retail banks" occurring nationwide.

That
"run" could accelerate as people realize the FDIC fund has about $50
billion to "insure" about $1 trillion in assets at the nation's
financial institutions, says Roubini. "They're going to run out of
money" unless Congress acts soon to recapitalize the FDIC.

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