Sheila Bair Delivers Special Video Message Commemorating 100 Bank Failures

According to the FDIC, your money is safe.

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One Response

  1. The number of bank failures will probably keep climbing.

    So far, the F.D.I.C. has seized and sold 124 banks in 2009, and analysts expect hundreds more to collapse in the months ahead. That has put significant pressure on the F.D.I.C. fund, which posted a negative balance for the first time since 1992 when regulators cleaned up the carnage from hundreds of failed thrifts and other commercial lenders during the Savings-and-Loan crisis.

    Officials of the F.D.I.C. said in October that 8,100 lenders remain in fragile condition!!!

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