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FDIC Failed Banks Insurance Fund Balance ($5.5B Negative Balance as August 21, 2009)

 
 
 
 
 
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List of U.S. failed banks since March 31, 2009. Based on the FDIC statement at the end of the 1st quarter that there is $13B in the insurance fund, there is a NEGATIVE $5.5B insurance fund balance. This is based on the expected cost of each failed bank since March 31 as described in the FDIC press releases.

Coincidentally, when the FDIC issued its 2nd quarterly report, it mentioned that it had to take out an emergency $5.6B loan to cover expenses.

See: http://www.bloomberg.com/apps/news?p...

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08/31/2009

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