On a miserable December afternoon in 1992, over 100 armed and bulletproof vest-wearing FDIC agents entered unannounced into the headquarters of Meritor/PSFS Savings Bank and the 29 branch offices of its Philadelphia Savings Fund Society ("PSFS"). By the end of that day, the oldest savings bank in America, which over five generations of hard-working Philadelphians had come to respect as a venerated...
WASHINGTON (FMLiveWire) - Fast food giant Taco Bell has purchased the Federal Deposit Insurance Corporation (FDIC) as the number of effectively dead and insolvent American banks soars into the thousands.
WASHINGTON (FMLiveWire) - The Federal Deposit Insurance Corporation (FDIC) is now offering additional bonuses to depositors who have lost their life savings as US banks fail and as they receive minimal deposit insurance under new FDIC rules. Meanwhil...
New York, New York - A spokesman for Countrywide Bank denied last Friday's line of customers outside its branch offices, withdrawing their deposits, was a run on their bank, but rather a 5K marathon they forgot to announce it was sponsoring to ke...
Get Spoof News in your email inbox!
