FDIC may tap Treasury after bank failure (1)
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Bernhard Warner (6)
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Slate Magazine (440)
2 months, 4 weeks
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You can add the Federal Deposit Insurance Corp. to the list of entities that may be in line for a Treasury Department bail-out, The Wall Street Journal reports, following an interview with the agency's chairwoman. The FDIC is a bit cash-strapped these days as it props up failing banks across the country. It announced on Tuesday that 117 ailing banks are now under its care and that the FDIC holds an astounding $78 billion in ...