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Nine banks went out of business on Friday

November 1, 2009 – 9:45 am – No Comment
Nine banks went out of business on Friday

Friday market the largest amount of United States government take overs in one single day since the beginning of the financial crisis and the almost complete collapse of the financial sector of the United States.
The nine banks (which brings the total to 115 for the …

As more small banks fail, the FDIC is hurting

October 12, 2009 – 2:36 pm – No Comment
As more small banks fail, the FDIC is hurting

The Federal Deposit Insurance Corporation, or the FDIC, has been scooping up failing banks and doing exactly what it was designed to do, protect consumers who have put money in the bank from losing it all when a bank goes out of business.
However, there is …