Developing story here from the WSJ. Personally, I am surprised the futures are holding up on this news….The FDIC is essentially the insurer of all banks. The fact that they are running out of cash is far from a good sign.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.