FDIC Shells Out More for 2009 Bank Failures than S&L Crisis

Liberty News

FDIC Shells Out More for 2009 Bank Failures than S&L Crisis

According to its own estimates, the FDIC will sustain losses exceeding $36 billion to cover the 140 bank failures in 2009. That price tag will eclipse the total dollar amount
of the losses the FDIC incurred during the six years spanning 1987 through 1992, when 1,049 banks collapsed during the savings and loan (S&L) crisis, costing the FDIC $29.6 billion.

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