RE :”The FDIC’s fund has been dwindling as an increase in bank failures has taken its toll, reducing the fund to $34.6 billion at the end of the third quarter.”
This is probably the ONLY legitimate use for bailout money, not refunding investors of bad investments or rewarding UAW for failure.
From the beginning of the bank bail out money, BBT said that they were going to use their portion to acquire small failing banks.
BBT is a solid regional bank. Looks like to me that they saved some jobs and the tax papers a lot of government money