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Posts Tagged ‘failures

In the past few years discussion of failed banks has become a very popular topic and concern both in regional areas and on Capitol Hill. It?s also turned the Federal Deposit Insurance Company (FDIC) and its Chairman Shelia Bair into household names.

The FDIC was established on June 16, 1933 as part of the 1933 Banking Act and began January 1, 1934 as a response to thousands of banks failing in the 1920?s and in the early 1930?s. All Read the rest of this entry »