Mises Daily
Author:
Douglas French
Online Publish Date:
“There will be more bank failures, but nothing compared with previous cycles, such as the savings-and-loans days,” Sheila Bair, chairwoman of the Federal Deposit Insurance Corp. (FDIC), said in an interview recently after $32 billion IndyMac was seized by Bair’s organization. The IndyMac failure is the second largest in history behind the failure