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IPFS News Link • Federal Reserve

FDIC May Need $150 Billion Bailout as Local Bank Failures Mount

• Bloomberg.com
By the end of 2009, about 100 U.S. banks with collective assets of more than $800 billion will fail, predicts Christopher Whalen, managing director of Institutional Risk Analytics, a Torrance, California-based firm that sells its analysis of FDIC dat

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