Five more banks taken over yesterday by FDIC.

Discussion in 'Economy' started by Neubarth, Jan 23, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Five more banks taken over yesterday by FDIC. Two have over a billion $ in "assets."

    Bank Failure #5 in 2010: Premier American Bank, Miami, Florida

    Bank Failure #6: Bank of Leeton, Leeton, Missouri

    Bank Failure #7: Charter Bank, Santa Fe, New Mexico

    Bank Failures #8 & #9: Evergreen Bank, Seattle, Washington and Columbia River Bank, The Dalles, Oregon

    Reported here: Calculated Risk

    Now comes the rapid collapse in the economy!
     
  2. william the wie
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    william the wie Gold Member

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    Actually bank failures are lagging behind projections of 250-300 by December 31st. That is not good news because it means lots of off the books federal help is not being reported
     
  3. Neubarth
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    Neubarth At the Ballpark July 30th

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    According to the fifth presidential proclamation by Obama, financial help need not be reported in the interest of public safety. We are doing everything possible to make people think everything is fine and gettin' better.
     

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