Posted by: Disillusioned | March 9, 2010

Failed Banks May Get Pension-Fund Backing as FDIC Seeks Cash

Keep an eye on our retirement money folks!

March 8 (Bloomberg) — The Federal Deposit Insurance Corp. is trying to encourage public retirement funds that control more than $2 trillion to buy all or part of failed lenders, taking a more direct role in propping up the banking system, said people briefed on the matter.

http://www.businessweek.com/news/2010-03-08/failed-banks-may-get-pension-fund-backing-as-fdic-seeks-cash.html

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