<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/876692b7-8084-4be6-b391-1d23782b1be8/CE87C6DB-83C7-4E39-B754-8914AFA1AADD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.npr.org/blogs/thetwo-way/2009/08/fdic_fund_down_to_10_billion_f.html" href="http://www.npr.org/blogs/thetwo-way/2009/08/fdic_fund_down_to_10_billion_f.html" style="font-size: 11px;">www.npr.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/blogs/thetwo-way/2009/08/fdic_fund_down_to_10_billion_f.html"><H1>FDIC Fund Down To $10 Billion From $45 Billion A Year Ago</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/blogs/thetwo-way/2009/08/fdic_fund_down_to_10_billion_f.html"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.npr.org/img/9922269E-02F9-4C6E-BC3A-6C76AAAD2C7E" alt="FDIC bank closing." /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/blogs/thetwo-way/2009/08/fdic_fund_down_to_10_billion_f.html"><P><STRONG>By Frank James</STRONG></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/blogs/thetwo-way/2009/08/fdic_fund_down_to_10_billion_f.html"><P>So many banks have had to be closed this year -- 81 to be exact -- that the Federal Deposit Insurance Corp. which makes sure depositors don't lose any money when banks become insolvent, is down to its last $10.4 billion in its insurance fund. A year ago, it had $45 billion.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/blogs/thetwo-way/2009/08/fdic_fund_down_to_10_billion_f.html"><P>The amount could be exhausted by a few big banks failing. But Sheila Baird, the FDIC's chairman, says not to worry. The FDIC won't be asking for its own federal bailout. Instead, it will hit up banks with an additional fee. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/blogs/thetwo-way/2009/08/fdic_fund_down_to_10_billion_f.html"><P>The money is needed because banks are by no means out of the woods, even as the economy begins to recover.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/blogs/thetwo-way/2009/08/fdic_fund_down_to_10_billion_f.html"><P>As NPR's Frank Langfitt <A href="http://www.npr.org/templates/story/story.php?storyId=112304551">reported</A> on <EM>All Things Considered</EM> tonight, bank analysts are worried that a new wave of non-performing loans, including residential and commercial mortgages and a lot more business failures, could push some already weakened banks over the edge. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/blogs/thetwo-way/2009/08/fdic_fund_down_to_10_billion_f.html">Guy Cecalla, publisher of <EM>Inside Mortgage Finance</EM>, told</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CE87C6DB-83C7-4E39-B754-8914AFA1AADD/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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