Economy - Thursday (Investor's Business Daily)

[riky]

Economy - Thursday
    (Investor's Business Daily)

 

Investor's Business Daily - Some small and midsize banks may go bust, but bigger lenders are probably safe, Federal Deposit Insurance Corp. head Sheila Bair told a Senate panel. But smaller banks that indulged in subprime lending are a concern. "We went 2.5 years without bank failures and we had three last year, four this year. The number will go up. I think we've been working very hard to prepare to staff that," she said.


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