Huge FDIC Losses from 7 Bank Failures Friday

In all, the Federal Deposit Insurance Corporation projected $7.3 billion in losses from seven bank failures Friday.

The toll is higher than the $6 billion in losses projected for IndyMac Bank FSB’s failure.

No losses to the Deposit Insurance fund occurred from the failure of Washington Mutual Bank — the biggest bank failure in U.S. history. View full post on MortgageDaily.com – Mortgage News Headlines

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