jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
Article below says the FDIC fund is NEGATIVE $8 Billion+ right now. Apparently they have some type of access to an additional $500 billion from the Treasury if they need it.
Also says 552 "problem" banks remain. That seems like a lot to me, considering 124 banks failed nationwide so far this year. I wonder if all this will affect CRHing?
In my opinion, 2010 is going to have more banks collapsing, especially when the commercial real estate defaults start heating up like the home mortgage defaults have already been doing since 2008.
Jim
http://rawstory.com/2009/11/fdic-insurance-fund-closes-quarter-82-billion-debt/
Also says 552 "problem" banks remain. That seems like a lot to me, considering 124 banks failed nationwide so far this year. I wonder if all this will affect CRHing?
In my opinion, 2010 is going to have more banks collapsing, especially when the commercial real estate defaults start heating up like the home mortgage defaults have already been doing since 2008.
Jim
http://rawstory.com/2009/11/fdic-insurance-fund-closes-quarter-82-billion-debt/
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