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pickel · July 2nd, 2009, 09:25 PM

Seven banks fail, pushing the 2009 tally to 52 - Jul. 2, 2009

The total cost of Thursday's bank failures to the FDIC is $314.3 million, bringing the FDIC fund's total cost for failed banks to $12.3 billion this year. That compares with $17.6 billion in all of 2008.

The FDIC, which is funded primarily by fees paid by banks, insures individual deposits up to $250,000. The amount was increased from $100,000 late last year in response to concerns about the stability of the nation's banks.

Is there any end in sight ??

July 2nd, 2009, 09:25 PM	#1 (permalink)
pickel Ultimate Member Join Date: Sep 1999 Location: Jackson,MS Posts: 5,314	Seven banks fail, pushing 2009 tally to 52 Seven banks fail, pushing the 2009 tally to 52 - Jul. 2, 2009 The total cost of Thursday's bank failures to the FDIC is $314.3 million, bringing the FDIC fund's total cost for failed banks to $12.3 billion this year. That compares with $17.6 billion in all of 2008. The FDIC, which is funded primarily by fees paid by banks, insures individual deposits up to $250,000. The amount was increased from $100,000 late last year in response to concerns about the stability of the nation's banks. Is there any end in sight ?? __________________ Confucius Say: Don't be afraid of opposition; Remember : A kite rises against the wind.