Five more banks taken over yesterday by FDIC.

[Neubarth]

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!

 

[william the wie]

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

 

[Neubarth]

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

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.