Did you watch the 60 Minutes segment about the FDIC seizing a bank? If you were as fascinated with the process as I was, I have a treat for you. This American Life’s 377th Episode, Scenes From a Recession [download], features the FDIC seizing Bank of Clark County, based in Vancouver, Washington, and selling them to Umpqua Bank back in January.
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Are you confused about what the deal is with all this bad bank stuff? Not really understanding why exactly our financial system is in shambles? Do you have 59 minutes? Invest an hour listening to This American Life from Chicago Public Radio’s episode #375 Bad Bank (or read the transcript, but the show is more entertaining) and I guarantee you’ll come away with a better understanding of a large portion of the current banking crisis.
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