MoneyRates Blog
FDIC Bank Failures in 2008 by State
January 6, 2009
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
The final tally of banks which failed in 2008 was 25 which includes mega-banks Washington Mutual Bank and IndyMac Bank with over $1 billion in deposits. The FDIC insurance fund took a mighty hit, but with an increase in premiums and the ability to slowly sell-off assets of acquired banks the insurance fund is not [...]
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The FDIC Fights Back Against Bloomberg News Article
September 25, 2008
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
An online piece on Bloomberg News from reporter David Evans suggesting that the FDIC may need up to $150 billion to cover bank failures has created a stir to the point that the FDIC has directly responded to the article. In the article Evans suggested that the US taxpayer ultimately could end up paying the [...]
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