When people hear there are 829 banks on the FDIC’s problem bank list, they make wild assumptions about the dire condition of the industry. They assume that all those banks are going to fail and that taxpayer money is at stake. This is in remarkable contrast to the truth. Even more remarkable is how the credit union industry has escaped virtually any general media scrutiny when their situation is much more serious.
Most of the banks on the FDIC’s problem list will weather the . . .
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