The FDIC - In the Red?

Interesting story on Fox News this morning about the FDIC.

"Eighty-one banks have failed so far this year, and hundreds more are expected to fall in coming years because of souring loans for commercial real estate."

Didn't our fearless Leader say that "things aren't as bad as they seem"? Perhaps he was hoping that the lack of coverage in the media lately on this issue would help the people forget about the financial mess we are truly in. The taxpayers will be paying for more of these "failures" that are a bottomless pit - and that includes the bailouts, cash for clunkers, and every other rebate program that we are financing.