Wednesday, November 25, 2009

Bank Failures Find F.D.I.C. Has Fallen Into Red


http://www.nytimes.com/2009/11/25/business/economy/25fdic.html

The fund had a negative balance of $8.2 billion at the end of the third quarter, federal regulators said Tuesday. Bank customers, however, should remain confident that their deposits would be protected since most of the amount reflects money that Federal Insurance Deposit Corporation has already set aside to cover the losses from future bank failures.

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