Posted by: Disillusioned | August 17, 2009

78’th Bank Fails on Friday

Colonial’s failure will deplete the FDIC’s deposit insurance fund by US$2.8-billion.  Don’t be too secure knowing banks are FDIC insured – the FDIC money can run out – be cautious.

http://www.financialpost.com/news-sectors/story.html?id=1894758

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