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What Happens When Your Bank Fails

by Doug Mataconis @ 7:52 am on March 9, 2009. Filed under Credit Crisis, Economics, Sub-Prime Mortgage Crisis

There was a very interesting segment on last night’s 60 Minutes about the procedures that the FDIC goes through when a bank fails:

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3 Responses to “What Happens When Your Bank Fails”

  1. KipEsquire says:
    March 9, 2009 at 8:35 am

    “We don’t go broke…”

    Um, FSLIC?

  2. Doug Mataconis says:
    March 9, 2009 at 11:40 am

    As I said last night, I seem to remember this organization called the Resolution Trust Corporation

  3. Below The Beltway » Blog Archive » Government Displays Stupidity Beyond Words says:
    March 11, 2009 at 5:16 pm

    [...] that 60 Minutes piece on bank failures I linked to earlier this week and how optimistic the Chairwoman of the FDIC sounded ? “We’ve been around for 75 years [...]

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