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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