Monday, April 13, 2009

Twenty-three Bank Takeovers So Far

The Federal Deposit Insurance Corporation has shut down 23 banks in 2009 (21 more than last year this time). As scary as that sounds, the government has been and continues to be pretty good at doing it without causing a panic. I try not to recommend long videos, but if you interested in what taking over a bank actually looks like, watch this 60 Minutes special. It will simultaneously scare you and make you feel safe:

Watch CBS Videos Online

No comments:

Post a Comment

You are the reason why I do not write privately. I would love to hear your thoughts, whether you agree or not.