FDIC Shuts Seven More Banks at a Cost of Over $7 Billion
The article states that the FDIC is about to run out of the 50 billion it had. That is a lie, they ran out of that and told the banks they had to pay next years fees last year. This is why, in the "reform" bill, there is another 50 billion set aside. Now the article does make a truthful statement, last year 200~ banks closed, and that number will be dwarfed this year....recovery and all.



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