Monday, March 9, 2009

http://www.cnbc.com/id/29593953

Yeah they all stick together
They just up the cost to play
For them it's not stormy weather
Coz the taxpayer foots the bill to pay

The head of the agency that insures bank deposits said Monday it has plenty of money to cover any failures this year

Just 2 1/2 months into the year, 17 federally insured banks have failed. The FDIC believes U.S. bank failures will cost the deposit insurance fund more than $65 billion over the next four years.