FDIC May Need $150 Billion Bailout as Local Bank Failures Mount

Sept. 25 (Bloomberg) — Deborah Horn tugs on the handle of the glass-paned entrance of the IndyMac Bancorp Inc. branch in Manhattan Beach, California. The door won’t budge. The weekend is approaching, and Horn, 44, the sole breadwinner in a family of three, needs cash.A small notice taped to the window on this Friday afternoon [...] continue reading the breaking news