Bank failures graph from Calculated Risk
140 bank failures this year, with aggregate assets of over $470 billion. The FDIC will need more assets next year to cover additional bank failures. Calculated Risk estimates that there will be somewhere between 140 and 500 bank failures next year. If that is correct, FDIC will need to shore up it’s fee income and balance sheet somehow; perhaps it too will need to be recapitalized and made even less transparent as were Fannie and Freddie. See full story here.
Last 5 posts by Yaron Sadan
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