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US Says Bank Failures Will Cost $19 Billion Through 2015

Posted October 11th, 2011 at 4:25 pm (UTC-5)
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The U.S. government says bank failures in the country over the next four years will cost $19 billion in insurance payments to cover losses for depositors. While the figure is substantial, government officials said Tuesday the projected losses are less than those predicted earlier. In 2010 alone, the government insurance fund paid out $23 billion […]

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