Even the FDIC has to borrow money?

The FDIC is supposed to be an institution of confidence when banks fail. According to a audit by the GAO, even the FDIC has to borrow money to help pay for the financial crisis. Here is the report:

http://www.gao.gov/new.items/d09535.pdf

For your reference here is the FDIC website:

http://www.fdic.gov/

Don't forget to examine the FDIC mission, vision, and values:

http://www.fdic.gov/about/mission/index.html

Your next question should be......Where do they borrow the money from to pay for failed institutions?

Tell us what you think.............