Wednesday, 26 September 2012 19:12

There's Another Imminent 'Cliff' You Should Know About, And It's $1.6 Trillion Tall

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BofA analysts Priya Misra and Brian Smedley have issued a warning in a recent note to clients about another "cliff" facing markets at the end of the year: the "$1.6 trillion deposit cliff" the U.S. banking system faces when special FDIC insurance provisions expire on December 31, 2012.

Business Insider article

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