Okay, Who Bails out the FDIC?
Posted on May 31st, 2009 by Insurance News
The FDIC has been busy lately. They have had to deal with 25 bank failures in 2008, these included IndyMac (thanks Chuck) and Washington Mutual Bank at a cost of $8.9 billion and $0 respectively (yeah interesting story there) though WaMu was the largest bank failure in US history with assets at time of sale to JP Morgan of $33 billion and $8 billion in debt. So far in the 5 months this year there have been 36 bank failures though none the size of IndyMac or WaMu. As a comparison there were on
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