26 February 2008


Well, it looks like the FDIC is gearing up for bank failures.

It's looking to bring back some retirees from its receivership division, and it's looking for bids from private companies to handle mortgages, commercial loans, and student loans for the failed banks.

They are estimating 100 bank failures over the next 12-24 months, but I think that they are behind the curve.

H/t to Calculated Risk.


Post a Comment