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News Link • Economy - Economics USA

The guys who "insure" your bank deposits FDIC in the Red

• Wall Steet Journal
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

Comment by Richard Stone
Entered on:

 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?

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