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.
Thursday, 18 February 2010
Why does the canary not sing?............from Rico
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1 comment:
Who's brother owns the building?!
Poor guy had all that empty space, and now the tax payers are paying in full.
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