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: Structured Settlements 4RealInsurers No Match For Banks When It Comes to Failures as Problem Bank List Grows to 829
By John Darer
A total of 118 banks have failed in 2010 compared to 0 insurance companies issuing structured annuities. Q2 2010 also saw 53 more banks added to the FDIC's "problem bank" list bring the list to its highest total since 1993 and almost double the number just one year ago.
The FDIC fund, which had been dwindling for two years,actually grew by $5.5 billion, but it still operates in with a deficit of $15.2 billion.Full post as published by Structured Settlements 4Real on September 03, 2010 (boomark / email).
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