Sunday, February 10, 2008
Debt Rattle, February 10 2008
Updated 3.33 PMFDIC Begins "Death Watch" of US Banks, Plans to Lower Insurance to $10,000 and Give Vouchers for Hamburgers or TacosThe Federal Deposit Insurance Corporation (FDIC) has begun a "death watch" on dozens of failing US banks which are drowning in their own debts and piles of worthless subprime, derivative and other investments."The FDIC has never supervised a bank failure with more
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