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GAO approves DIF calculations despite finding flaws
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Banking
Thursday, May 3, 2012
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A report from the Government Accountability Office identified deficiencies in the process the Federal Deposit Insurance Corp. uses to estimate certain losses to the Deposit Insurance Fund. Even so, the GAO approved the FDIC’s 2011 and 2010 financial statements for the DIF and the Federal Savings and Loan Insurance Corp. Resolution Fund. Read on for the details.
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