Video: How the FDIC Takes Over a Failed Bank
Last night on 60 Minutes was a very interesting segment on how the FDIC takes over failed banks. The video below shows how a team of FDIC agents prepared to seize Heritage Community Bank outside Chicago. The team checks into a hotel under a fictitious name, CB and Associates, to prevent a run on the bank by depositors. The FDIC didn’t want anyone to know who they were or why they were in town.
Video: How the FDIC Takes Over a Failed Bank
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2:05 pm on September 22nd, 2009
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