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FDIC's Bair Says Insurance Fund Could Be Insolvent This Year

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opednews.com Headlined to H2 3/4/09

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At www.bloomberg.com

Federal Deposit Insurance Corp. Chairman Sheila Bair said the deposit insurance fund could dry up amid a surge in bank failures, as she responded to an industry outcry against new fees approved by the agency. 'Without these assessments, the deposit insurance fund could become insolvent this year.'

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At www.bloomberg.com


 

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...a total collapse of the US financial system.&nb... by Amanda Lang on Wednesday, Mar 4, 2009 at 8:15:52 PM
There is no operational way a government program c... by Robert Bostick on Sunday, Feb 12, 2012 at 11:16:04 PM