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Thursday, 18 February 2010

Why does the canary not sing?............from Rico

Call it a canary in a coal mine.

FDIC is opening a 'new' satellite office in Chicago. It will handle receiverships and liquidate assets from failed banks in the Midwest.

This office will occupy seven of eleven floors of a buiding. Over 100,000 square feet for 500 bodies.

This is a HUGE expenditure!

Must be more "recovery" being anticipated.

There is no chirping.

Silence.

1 comment:

sofa said...

Who's brother owns the building?!

Poor guy had all that empty space, and now the tax payers are paying in full.