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(Image from article: "FDIC Fund Sinks Into the Red")

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FDIC Fund Sinks Into the Red

FDIC Fund Sinks Into the Red

The FDIC said the number of distressed banks in the U.S. rose to the highest level in 16 years, and the insurance fund to protect depositors swung to a negative balance.

 

FDIC Fund Down 20 Percent

FDIC Fund Down 20 Percent

Chairman says there are no immediate plans to borrow money to shore up deposit insurance fund.

 

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