Your friendly neighborhood Federal Deposit Insurance Corporation -- the nice people who insure consumers' bank deposits -- has been having a sort of a rough time lately, what with all the banks constantly going broke. The insurance fund was pretty heavily depleted over the past year, thanks to horrific failures like IndyMac which cost the FDIC more than $10 billion. And it's not like we have seen the end of bank failures, nosir!
FDIC Might Need A Bailout Soon
FDIC Might Need A Bailout Soon
FDIC Might Need A Bailout Soon
Your friendly neighborhood Federal Deposit Insurance Corporation -- the nice people who insure consumers' bank deposits -- has been having a sort of a rough time lately, what with all the banks constantly going broke. The insurance fund was pretty heavily depleted over the past year, thanks to horrific failures like IndyMac which cost the FDIC more than $10 billion. And it's not like we have seen the end of bank failures, nosir!