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:

11-21-2024

  EU disease agency considers quitting Elon Musk’s X over disinfo | The spread of scientific misinformation on the social media platform is ...