Archives for January, 2011

Bank failures down compared with 2010

Posted: Jan. 29, 2011 | Tags: banks, BankTracker, failed banks, FDIC, Federal Deposit Insurance Corp.

The Federal Deposit Insurance Corp. took over four more banks on Friday, bringing the January total to 11. But that's down from 15 in January 2010.

And the estimated cost to the bank insurance fund dropped even more dramatically. The FDIC estimated that the January failures last year would cost more than $3.2 billion. The estimate for the 11 banks that have failed so far this year is just over $1.2 billion.

This year's most expensive failure so far is the Jan. 21 closing of United Western Bank of Denver, which the FDIC estimates will cost ...

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Barlett and Steele on our upcoming collaboration

Posted: Jan. 5, 2011 | Tags: What Went Wrong

The Workshop is partnering with two titans of investigative reporting, Donald Barlett and James Steele, for a project exploring the state of poor and working people in America.  In a recent post on their site, Barlett and Steele explain what exactly we're working on, and what the next year of reporting will hold.

Over the last year we’ve received some remarkable e-mails and letters about something we wrote nearly 20 years ago.

“Your story,” wrote a man from Springfield, Ill., “is still going on, but, unfortunately, few people are aware of the causes, only the dire consequences.”

Our ...

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