FDIC Low On Funds After Record Bank Failures In 2009

Sun Aug 30 2009

epic fail
FDIC Low On Funds After Record Bank Failures In 2009

Given how many banks have failed and been taken over by the FDIC this year (84, including three yesterday), it's not one bit surprising that the FDIC isn't doing too well, funds-wise. It's down to $22 billion, the lowest the failed bank fund has been since the savings and loan crisis of the early '90s, when it needed to borrow money from the Treasury Department to keep going. MORE >>

POSTED: Sat Aug 29 2009 16:40

---

---

Click here to safely unsubscribe now from "Consumerist: Top Stories" or change your subscription or subscribe

---

---

Your requested content delivery powered by FeedBlitz, LLC, 9 Thoreau Way, Sudbury, MA 01776, USA. +1.978.776.9498