The second part of the title of this analysis is the title of Herman Kahn's analysis of the possibility of thermonuclear war. The possibility of the failure of the FDIC would constitute the financial/economic equivalent of a thermonuclear attack on the United States. Hence the title.
In an analysis penned just a few days ago, we considered prospects for the FDIC, and indirectly, the issue of the safety of insured deposits. Today, we propose to take this examination one step further.
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