Tue, 22 Sep 2009

FDIC weighs extraordinary steps to shore up fund

Insurance, be it bank, auto or health, is essentially a gamble. And when the house loses, so does every bettor it's made book with. In the case of the FDIC, if the house collapses, it could get real ugly, real fast.

AP - The Federal Deposit Insurance Corp. is weighing several costly — and never-before-used — options as it struggles to shore up the dwindling fund that insures bank deposits.

(link) [Yahoo! News: Top Stories]

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