March 15, 2009
Many US banks have already failed in 2009, and economists are forecasting more bank failures before the year ends. The economic crisis has hit many banks, large and small. If you ever wanted to know what happens if your bank fails, this 60 minutes video shows how the FDIC comes in to take over banks […]
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March 9, 2009
The news seems to get worse each day – US banks are failing at a rate that hasn’t been seen in decades. According to this CNN article, there have already been 14 bank failures through the middle of February. There were 25 bank failures in 2008, meaning we are over halfway to last year’s number […]
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