Bank Runs / Contagion - Via Twitter

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Genevieve Roch-Decter, CFA @GRDecter

Bill Ackman says there will be bank runs everywhere on Monday unless the FDIC does a system-wide guarantee.

FDIC only has $124.5 Billion on its balance sheet and a $100 Billion line of credit.

US banking system is +$22 Trillion.

FDIC assets cover only 1.26% of deposits.

Disturbing.