Bank Lending Last Year Dropped at the Biggest Clip Since 1942
February 25, 2010 at 02:31 AM EST
The FDIC is even more broke than it was three months ago. The fund the FDIC uses to “insure” your bank account went $20.9 billion in the red during the fourth quarter of 2009. That’s more than twice the deficit reported when the fund first entered negative territory in the previous quarter. Incredibly, the FDIC is [...]
