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America’s Lessons in Killing Off Toxic Banks | |
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July 17, 2012 FDIC officials have handled so many sick American banks in recent years, they have developed a slick drill: if a bank is deemed bust, FDIC “shock troops” will arrive, typically on Friday night, seize control, reassure staff and depositors – before either closing the banks or selling it on. The FT reports. Source: http://www.cnbc.com/id/48205078?__source=RSS*tag*&par=RSS |
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