by John Darer® CLU ChFC MSSC RSP CLTC
A total of 118 banks failed in 2010 compared to 0 life insurance companies issuing structured settlement annuities.
Q2 2010 also saw 53 more banks added to the FDIC's "problem bank" list bring the list to its highest total since 1993 and almost double the number just one year ago.
"More than half of the 800-plus US banks on the "critical list" are likely to go bust" Economist Nouriel Roubini on CNBC September 3, 2010
The FDIC fund, which had been dwindling for two years,actually grew by $5.5 billion, but it still operates in with a deficit of $15.2 billion.
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