3 banks belly up today...in Puerto Rico (insurance, payments, bailout)

[HappyTexan]

FDIC bailed out 3 banks in Puerto Rico today..so far.

FDIC: Failed Bank List

The news about this is the FDIC was named Receiver for all three.
No other bank stepped in to "take over".

[Bob from down south]

Seven banks total today, for a one-day $8 Bn (that's 8,000 million dollars) total hit to the FDIC's Deposit Insurance Fund. Just months after the FDIC forced banks to ante up with three years worth of advance deposit insurance payments, the DIF can only take five more Fridays like today before it's all gone and they have to start tapping the taxpayer for the rest of the depositor bailouts.


"This sucker could go down." -G. W. Bush

[Pretzelogik]

Hey let's make it a state