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Post by danreller on Aug 22, 2008 19:49:47 GMT -6
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Post by unlawflcombatnt on Aug 23, 2008 2:38:47 GMT -6
Thanks for the update on that. Roubini has predicted over 300 will fail, unlike the 95 failures predicted by Corporatist Ben Bernanke.
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Post by judes on Aug 29, 2008 18:30:10 GMT -6
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Post by unlawflcombatnt on Aug 30, 2008 2:41:40 GMT -6
Good catch, Judes.
From the article: "The FDIC estimates the cost of the Integrity failure to its deposit-insurance fund will be $250 million to $300 million."
This isn't a huge loss, but every bit hurts. If the FDIC has $45 billion left, and we assume the loss is $275 million, it would take 163 such losses to completely wipe out the FDIC.
$45 billion ÷ $0.275 billion = 163.
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