The Undollar Digest

Bill Black: U.S. Using “Really Stupid Strategy” to Hide Bank Losses

Posted Aug 11, 2010 02:14pm EDT by Peter Gorenstein
109 U.S. banks have failed so far this year, 23 in this quarter alone. These failures may not cost depositors, but they do come at a steep cost to the FDIC. As discussed here with ValuEngine’s Richard Suttmeier, the FDIC Deposit Insurance has already spent $18.93 billion this [...]


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