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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on September 29, 2009, 09:32:50 AM

Title: FDIC says bank failures to cost around $100B (Another Bailout Needed)
Post by: Soul Crusher on September 29, 2009, 09:32:50 AM

FDIC says bank failures to cost around $100B
AP/YahooNews ^ | 9/29/09 | MARCY GORDON

Posted on Tuesday, September 29, 2009 10:40:37 AM by Kartographer

Federal regulators expect bank failures to cost the deposit insurance fund about $100 billion in the next four years and the fund to fall to a negative balance this month.

That is higher than an earlier estimate of $70 billion in failure costs through 2013.

(Excerpt) Read more at news.yahoo.com ...
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Title: Re: FDIC says bank failures to cost around $100B (Another Bailout Needed)
Post by: Bindare_Dundat on September 29, 2009, 09:44:00 AM

What a joke.