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FDIC Problem Bank List Surges, Putting Fund At Risk
The U.S. added 111 lenders to its list of "problem banks," a jump that suggests rising bank failures may force the Federal Deposit Insurance Corp. to deplete a reserve fund that shrank 40 percent this year. A total of 416 banks with combined assets of $299.8 billion failed the FDIC's grading system for asset quality, liquidity and earnings in the second quarter, the most since June 1994, the Washington-based FDIC said in a report today. Regulators didn't identify companies deemed
So by digging deeper - the sides fall in - and we are buried - thus proving Nikita Kruschev to have been a prophet --"We will bury you."
Originally posted by Hx3_1963
Won't happen as long as Uncle Sam can keep borrowing...