Bair: More Banks to Fail; But Bailout Probably Not Needed


Bank failures are going to continue at a fairly strong rate but taxpayers hopefully won't be asked to foot the bill, FDIC Chair Sheila Bair told CNBC. Amid speculation that the Federal Deposit Insurance Corp might need to ask the Treasury Department for help covering insured deposits, Bair said the agency should be solid this year but acknowledged that 2010 could be difficult.

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