The Conversation

What happened to all those banks that failed in the crisis?

Author: The Conversation USA

The FDIC sold nearly 500 banks in the financial crisis, losing $90 billion in the process. Water bank via www.shutterstock.com

During the financial crisis and its aftermath, the Federal Deposit Insurance Corporation (FDIC) sold nearly 500 failed banks in the United States.

These hurried sales of institutions seized by the agency reverberated...

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