Monday, May 3, 2010

Huge FDIC Losses from 7 Bank Failures Friday

From rss feed:

In all, the Federal Deposit Insurance Corporation projected $7.3 billion in losses from seven bank failures [last] Friday.

The toll is higher than the $6 billion in losses projected for IndyMac Bank FSB's failure.

No losses to the Deposit Insurance fund occurred from the failure of Washington Mutual Bank -- the biggest bank failure in U.S. history.

No comments: