The Fdic Keeps Digging A Deeper Hole

No wonder Congress is suspicious of bank regulators. Every few months, it seems, the regulators add a few billion dollars more to the cost of the bank bailout and the probable hit en the Federal Deposit Insurance Corp.'s bank insurance fund, which runs busted banks and pays off depositors' accounts. Growing evidence that the regulators don't yet have a handle on the problem suggests more unpleasant jolts could be on the way. It seems increasingly likely that the fund may have to be bailed out by taxpayers, who lately are picking up the tab for the savings and loans.

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