FDIC Loss-Share Guarantees Balloon To $177 Billion Putting Taxpayers At Risk | WHAT REALLY HAPPENED

FDIC Loss-Share Guarantees Balloon To $177 Billion Putting Taxpayers At Risk

From 2007 to date there have been 254 banking failures with the FDIC taking into receivership $616 billion of failed banking assets. With potentially hundreds of additional banking failures and weak property markets, the FDIC has had to provide generous loss-sharing agreements on the majority of banking failures since 2007. Through the end of June 2010, the FDIC has entered into 167 loss sharing agreements covering $176.7 billion in assets of failed banks acquired by other institutions.

Webmaster's Commentary: 

It's always comforting to know how this government loves putting its taxpayers on the hook for fiscal calamities they had nothing to do with creating.

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