Friday, September 26, 2008

FDIC May Need $150 Billion Bailout as Bank Failures Mount

The IndyMac debacle is taking a large bite out of FDIC reserves, and if scores of other banks fail in the year ahead, the fund will be depleted. Taxpayers will have to step in.

read more | digg story

No comments:

3-29-2026

  Pentagon preparing for weeks of ground operations in Iran, Washington Post reports White House App Found Tracking Users' Exact Locatio...