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Four Banks Fail Across U.S. - Failures in 2009 Already Outnumber 2008 Tally

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the other one Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-26-09 09:08 PM
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Four Banks Fail Across U.S. - Failures in 2009 Already Outnumber 2008 Tally
WASHINGTON -- Four banks failed Friday in Georgia, Michigan, California and Idaho as the financial crisis continued its grip on small lenders across the country.

The Federal Deposit Insurance Corp. estimated the failures cost its deposit-insurance fund a combined $698.4 million. The fund is rapidly depleting and Congress is trying to pass legislation that would allow the FDIC to temporarily bolster it by borrowing up to $500 billion from the Treasury.

http://online.wsj.com/article/SB124060701984454099.html?mod=googlenews_wsj
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rpannier Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-26-09 11:35 PM
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1. Kind of sad when you think about it
4 (more)banks go under and it barely registers a blip in the news.
It seems so everyday now.
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