25 Jul 2008

U.S. Federal Deposit Insurance Corporation Chairman Bell: unnecessary investors worried about the banking system

U.S. Federal Deposit Insurance Corporation (Federal Deposit Insurance Corp., FDI) Chairman Bell (Sheila Bair) 29, said investors should not worry that the U.S. banking system of health problems, because only a relatively small number of banks in trouble, and that the more Most of the banks for small banks.



Bell in his speech on the Fox Business Network, said, FDIC hands of "the troubled bank list" includes 76 banks, but some of the bank's total assets was only 22 billion U.S. dollars, accounting for the overall decline in the proportion of the banking industry. Bell said that 99 percent of banking assets good, the banking industry "very safe."

Bell said, "People do not need to worry about the banking system."

Bell made comments before this time, Fed Chairman Ben Bernanke (Ben Bernanke) in the speech on the 28th investors panic. In his speech, Bernanke said in testimony to Congress in the 2001 Fed will be more of the economic recession facing more problems, and warned that small banks may collapse.

No comments: