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trader1
  Economist: FDIC gearing up for bank closures [#permalink]
New postPosted: Thu Jul 09, 2009 3:38 am 
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You can't always believe economists...but, this won't be surprising if it actually happens:

http://washington.bizjournals.com/washi ... ily39.html

Quote:
The Federal Deposit Insurance Corp. is gearing up to handle a large number of bank failures expected as a result of bad mortgages, both in residential and commercial real estate, an economist said Tuesday.

“They know they’re going to take down a large number of banks and they can’t do it until they’re staffed up,” said Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University.
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