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Economic Policy

FDIC Chair Sheila Bair News Conference on Third-Quarter Earnings Report

Tuesday, November 24, 2009

FDIC Chair Shelia Bair released a third-quarter earnings report that showed an improvement over last quarter's loss of $4.3 billion. The recent failure of Commerce Bank of Southwest Florida raised the total number of troubled banks to 124. The state of the financial industry has strained the FDIC, which now has a negative balance in its Deposit Insurance Fund reserves.
Washington, DC : 29 min.

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