FDIC May Need More Funds

The hits just keep on coming. This is like watching a train wreck. Now FDIC May Need $150 Billion Bailout as More Banks Fail.

By the end of 2009, about 100 U.S. banks with collective assets of more than $800 billion will fail, predicts Christopher Whalen, managing director of Institutional Risk Analytics, a Torrance, California-based firm that sells its analysis of FDIC data to investors