Jan

9

In the appendix of Irving Sprague's Bailout, Sprague lists all FDIC bailouts up to Continental Illinois by size. Continental Illinois was the largest rescue at only $41 billion. Second largest was First Penn at $8.4 billion. Bank of the Commonwealth, near Detroit (a chapter about the shady dealers of that bank's ownership) required only $1.2 billion in 1972. Bailint out Farmers Bank of the State of Delaware cost $360 million in 1976. No other bailouts are tabulated, although 7 other kinds of action (assisted mergers and payoffs) are tabulated.The minimum size of a G-SIFI today is $100 billion.


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