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Robert McDonald on whether the Banks are Safe

The chairwoman of the Federal Deposit Insurance Corporation says the nation’s banks are safe despite the recent closing of California-based IndyMac. Robert McDonald, professor of finance and Northwestern University’s Kellogg School of Management, comments on her remarks.

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July 1, 2008 | by Brendan Cosgrove

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The chairwoman of the Federal Deposit Insurance Corporation says the nation’s banks are safe despite the recent closing of California-based IndyMac. Robert McDonald is a professor of finance and Northwestern University’s Kellogg School of Management.