Video: What happens when your bank collapses?

By | March 11, 2009

In the 1980’s many S&L banks collapsed. It seems that things are now being repeated with an increasing number this year. The CBS TV show, 60 minutes, highlights what happens when a FDIC takeover is on the cards. Enjoy the video. I never knew what it happens. It’s fascinating. Video courtesy of Bargaineering.

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