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How the FDIC takes over a failed bank

February 24, 2011, 3:00 PM UTC

You thought the worst was over, but 157 banks failed in 2010, the most in almost 20 years. So far this year, another 22 have bit the dust.

The secretive process of FDIC receivership has all the makings of a heist flick. Take a look below, and click to enlarge the text.

*Time stamps are estimates; length of each step can vary