Humpty Dumpty Banks

Year to date:  The FDIC has closed 146 banks. 2007 to date:  311 banks. Latest Details August 6, 2010 to November 12, 2010:  38 Banks Stated Assets:  $13.78 billion Deposits:  $11.97 billion FDIC’s estimated cost of closing all 38 banks:  $2.72 billion  (23% of deposits) FDIC Year to date total estimated losses:   $21.6 billion. Loss … Continue reading Humpty Dumpty Banks