The FDIC estimates bank failures will cost the fund around $70 billion through 2013. Ninety-two banks have failed so far this year. Hundreds more are expected to fall in coming years largely because of souring loans for commercial real estate.
Sunday, September 20, 2009
FDIC Running Out of Money
The FDIC may need to borrow from the Treasury Department to replenish their fund than insures bank deposits.
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