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Litigation

: Structured Settlements 4Real

Repression Scorecard -2

By John Darer

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The FDIC shut down of $25B 346 branch Colonial BancGroup, Inc. on Friday along with another bank brings the total bank failures in 2009 to 74. Colonial Branches will reopen as branches of BB&T with a total cost to FDIC of $2.8B.

During the same time period no structured annuity issuer has been taken over by state insurance regulators in any state.

Full post as published by Structured Settlements 4Real on August 15, 2009 (boomark / email).

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