Tuesday, August 26, 2008

With A Capital 'T'

My friends:

The health of U.S. banks is quickly deteriorating, and the government fund set up to protect depositors might not have enough money to insure everybody, analysts told ABCNews.com.

...

At the beginning of the year, 90 banks were on the FDIC watch list. There are now 117, FDIC chairwoman Sheila C. Bair announced at a press conference this afternoon. That is the highest number in five years, but some analysts expect the list to grow even more in coming months.