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Old 02-18-2010, 08:09 PM   #1
peaceandlove
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Join Date: Sep 2008
Location: Turtle Island
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Post FDIC Opens A Massive New Office...Coming Tidal Wave Of Midwest Bank Closings

FDIC Opens A Massive New Office Near Chicago Just To Handle The Coming Tidal Wave Of Midwest Bank Closings They Are Expecting

Is the Midwest about to see a massive wave of bank closings? That is apparently what the FDIC is expecting. The FDIC is opening up a massive new satellite office in the Chicago area FDIC to open office in Schaumburg 2/3/2010 http://www.chicagotribune.com/busine...,3457297.story that will be dedicated to managing receiverships and liquidating assets from failed Midwest banks. This new facility will occupy 7 floors in an 11 floor building. The office space that the FDIC is leasing is well over 100,000 square feet and will employ approximately 500 temporary employees and contractors. This is a huge expenditure by the FDIC. So will there really be so many bank failures over the next couple of years in the Midwest that a 100,000 square foot facility is required to deal with it?

Apparently someone at the FDIC thinks so.

Continues with Chart: http://theeconomiccollapseblog.com/a...-are-expecting

Last edited by peaceandlove; 02-18-2010 at 08:13 PM.
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