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IPFS News Link • Economy - Economics USA

SEC Memo says Guaranty Bank to be Seized, not Sold

08-04-2009 • goingconcern.com/

The seizure by the FDIC will hit the regulator’s budget to the tune of at least $5.3 bil according to sources within the OTS. This, on top of what’s going on with Colonial bank failing, should wipe out what’s left of the FDIC’s budget

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Reported By Jack Gregson

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SEC Memo says Guaranty Bank to be Seized, not Sold

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