One Bank Failure After Another – How Is The FDIC Holding Up?

One Bank Failure After Another – How Is The FDIC Holding Up?

For the first five months of this year, the Federal Deposit Insurance Corporation has overseen to the foreclosure of 36 banks…and counting. With the recent demise of Florida-based BankUnited FSB which will reportedly cost the federal regulators some $4.9 billion, one can only wonder how the FDIC fund is holding up.

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