FDIC

Rumors are flying around about the solvency of the FDIC, the organization that insures bank deposits in the US. Here is where you can follow the conversation.

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"Opinions: Who Will Bail Out the FDIC? http://newsblaze.com/story/20080917144410lill.nb/topstory.html..."

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"Sleeping: not well. The FDIC "is at $45.2 billion — the lowest level since 2003", soured banks at 5 yr high. http://eweri.com/Zi..."

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"[Scary] The FDIC has $45B to insure deposits. WaMu, bordering on failing, has $181B in deposits. What cou.. http://tinyurl.com/4gghza..."

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July 2: FDIC Closes Seven US Banks, List of Closures

The FDIC (Federal Deposit Insurance Corporation) closed seven U.S banks on July 2nd, and all of them have been closed without notice to the public. This brings the list of bank failures this year up to 52.This is the most bank failures in one day. A complete list of FDIC Bank...

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  • mtippett

    mtippett is reporting from Vancouver, Canada.

 

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