FDIC R.I.P

" With the balance sheet of the Federal Reserve exhausted from lending to insolvent banks and non-bank financial firms, and polluted by hundreds of billions in risky assets taken on from all corners, Treasury Secretary Tim Geithner put a hammer to the last uncompromised taxpayer financed piggy bank yesterday, the one that guarantees said taxpayer’s bank deposits, the Federal Deposit Insurance Corporation. We will regret it. "