Video - FDIC Resolution Process
For the record, the FDIC fights bank insolvency in a mediocre fashion, with very slow response times. By the time the weekend team arrives for a shut-down, losses are massive.
Adam Levitin Tells Congress: Citigroup, Bank Of America, JPMorgan & Wells Fargo Are All INSOLVENT
Richard Suttmeier: Half Of U.S. Banks Are So Insolvent They CAN'T Make Any New Loans (VIDEO)
When The Books Were Finally Opened, Colonial Bank Wasn't Just Insolvent, It Was Mega Insolvasorus