Total loan balances fell by $210.4 billion, or 3%, in the third
quarter, the biggest decline since data collection began in 1984,
according to a report released Tuesday by the Federal Deposit Insurance
Corp. The FDIC also said its fund to backstop deposits fell into
negative territory for just the second time in its history, pushed down
by a wave of bank failures.
1 Comments in Response to The guys who "insure" your bank deposits FDIC in the Red
Don't tell me... It's time for another bail out! Crank up the money printing presses ! Now all taxpayers bend over and say, Thank you sir, may I have another?