I'm Keith Reed, a business reporter, national economics commentator and blogger and this site is part of my personal mission to help more people -- particularly young people -- better understand the economy and manage their own finances
Monday, March 9, 2009
When a bank goes bust
My last two posts were about the FDIC and its problem with so many bank failures. Apparently I wasn't the only one paying attention. Last night 60 Minutes went inside an FDIC takeover of a failed bank. Watch the video. It's informative.