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Loan Modification

: Mortgage Lender Implode-o-Meter

2010 Bank Failures Exceed 100, $17.2B in FDIC Cost

By Implode-Explode Heavy Industries

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``The ink was barely dry on our last post with the full tally, when another 7 bit the dust, pushing the total expected FDIC expense almost another half billion, breaching the $17B level. Also, the individual failures have exceeded 100, now reaching 103.''

Full post as published by Mortgage Lender Implode-o-Meter on July 26, 2010 (boomark / email).

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