About a month ago, it was widely reported in the media that the FDIC was going on a hiring spree. WSJ
explains why:
Regulators are bracing for well over 100 bank failures in the next 12 to 24 months, with concentrations in Rust Belt states like Michigan and Ohio, and the states that are suffering severe housing-market problems like California, Florida, and Georgia
I was skimming through
the FDIC website and came across some humbling figures. No wonder the FDIC is worried.
And the number of problem institutions is increasing:
Fasten your seatbelts people; 2008 is going to be an interesting year...
And the number of problem institutions is increasing:
Fasten your seatbelts people; 2008 is going to be an interesting year...
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