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The escalating credit and financial crisis has some economists predicting more bank failures, and that could be bad news for the federal agency that insures your deposits. As has been widely reported before your bank deposits are insured by the federal deposit insurance corporation. But the FDIC itself could run into trouble if one or two more big banks collapse.
From bust to lust… Lehman Brothers’ employees caught in ‘credit clinch’ on TV news report (Daily Mirror)
Two Lehman Brothers’ workers have been caught in a ‘credit clinch’ on a live TV news report in the US.
Report: WaMu For Sale (Fox News)
Washington Mutual, the nation’s largest savings-and-loan, is auctioning itself off, according to a published report.
Fitch: 176-Page Industry Report Outlines Key Trends for U.S. Media (Business Wire via Yahoo! Finance)
CHICAGO—-Fitch Ratings has published the first edition of its periodic ‘Credit Encyclo-Media’ report. This 176-page piece outlines the key market, operating and credit trends in the media & entertainment sector.