Thursday, August 27, 2009

Update: Corporate Bankruptcies

We've only just begun......

As a side note, last week's bank failures reduced the FDIC bankroll to a few hundred million dollars (my guesstimate). They have announced a plan to levy another "special assessment" this year and another one in the first quarter of 2010. The Quarterly Banking Profile will be released later today, so we can get the latest numbers.

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