The Incredible Shrinking FDIC
The dreaded FDIC “Troubled Banks” list total hit 775 which is the highest number since 1992. BTW, 72 have already failed this year. While at the same time … the number of insured institutions hit all time low below 8000. Back in 1990 the FDIC insured over 16,000 institutions. What a rapid and profound shift that is.
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