Goldfinger Posted February 26, 2008 Share Posted February 26, 2008 (edited) http://www.gata.org/node/6031 WASHINGTON -- The Federal Deposit Insurance Corp. is taking steps to brace for an increase in failed financial institutions as the nation's housing and credit markets continue to worsen.The FDIC is looking to bring back 25 retirees from its division of resolutions and receiverships. Many of these agency veterans likely worked for the FDIC during the late 1980s and early 1990s, when more than 1,000 financial institutions failed amid the savings-and-loan crisis. FDIC spokesman Andrew Gray said the agency was looking to bulk up "for preparedness purposes." The division now has 223 employees, mostly based in Dallas. Good to know at least THEY are getting prepared. Everyone else prepared? Edited February 26, 2008 by Goldfinger Quote Link to comment Share on other sites More sharing options...
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