The Cost of Bank Failures To The FDIC is $22.8 Billion: This is an continually updated list of losses caused by failed banks in the United States. 14 banks have failed in the first two month of 2009. 25 Banks failed in 2008. Since the beginning of the banking crisis, the FDIC's exposure is $ 22,178,800,000. This data is being gathered determine the economic health of the banking industry. See Data
Bank Failures at record levels, 21 banks have failed in 2009, 25 banks have failed in 2008. Failures updated weekly See Details Looking at historical data to determine the health of the banking system. The US government has been busy shoring up the country's financial system to prevent a total collapse. In addition to the bailouts, 2008 has been a disastrous year for the US banking system. The following is a list of bank failures that were shut down and rescued by the FDIC. See Data
Fort Knox is Broke? I originally had set out to write an article about selling the gold that America held in Fort Knox to pay for the bailout. My hypothesis was going to focus on saving the interest charges that would be incurred if the federal government borrowed the money to pay for the bailout. Gold is at an all time high, I thought America could capitalize on the high market value of gold and make a profit. When the economic conditions dictate, America could replace gold inventories when gold prices fall. The question remained, does America have enough gold in Fort Knox to pay for the bailout. After a little research, I went to The US Mint (http://www.usmint.gov) website and found that the United States Bullion Depository in Fort Knox, Kentucky currently contains 147.3 million ounces of gold... MORE
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thwart real estate sales
poor countries flee from cash as bartering replaces currency