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IPFS News Link • Federal Reserve

Senator: FDIC's Sheila Bair says 500 Banks Could Fail

07-17-2009 • CalculatedRiskblog.com

Sen. Jim Bunning, R-Ky., related a comment to him by Federal Deposit Insurance Corp. Chairman Sheila Bair that another 500 banks could fail "unless something dramatic happens."

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Reported By Jack Gregson

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1 Comments in Response to Senator: FDIC's Sheila Bair says 500 Banks Could Fail

Comment by Lucky Red

Entered on: 7/17/2009 8:36:16 AM

500 banks could fail and 500 million people will lose their jobs, their homes, their life savings, their retirement, their kids' college funds but, hey, who's counting?

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1 Comments in Response to Senator: FDIC's Sheila Bair says 500 Banks Could Fail

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