60 Minutes: Your Bank Has Failed

By Barry Ritholtz - March 9th, 2009, 9:25AM

What would happen if your local bank failed? Scott Pelley and “60 Minutes” were given extraordinary access, as the Federal Deposit Insurance Corporation moves in to take over a failed bank in Chicag

Source:
Your Bank Has Failed: What Happens Next?
60 Minutes Gets A Rare Look At How The FDIC Takes Over Banks And Reassures Depositors
CBS, March 8, 2009

http://www.cbsnews.com/stories/2009/03/06/60minutes/main4848047.shtml

PERMALINK
Category: Bailouts, Credit, Video.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “60 Minutes: Your Bank Has Failed”

Urkel Says:
March 9th, 2009 at 11:10 am
Once they do Citi, they can make a 6 part series.
Jojo Says:
March 9th, 2009 at 5:20 pm
I thought this was a very well done report by the 60 Minutes team.

There will be many more failures for them to deal with this year, but as was mentioned, the FDIC is backed by “the full faith and credit of the USA”, so no worries about them running out of money.

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