Tuesday, September 29, 2009

FDIC says bank failures to cost around $100B

FDIC seeks a $45-billion advance from banks to rebuild reserves.

http://www.latimes.com/business/la-fi-fdic30-2009sep30,0,3324879.story

"A billion here, a billion there, pretty soon you're talking about real money."
     _ Everett Dirksen (1896-1969), Illinois Republican Senator

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