Posted on 06/27/2009 4:05:30 PM PDT by RDTF
NEW YORK (CNNMoney.com) -- Local banks in Georgia, Minnesota and California were closed Friday by state regulators, bringing the total number of failed banks this year to 45, according to the Federal Deposit Insurance Corporation.
The financial crisis has taken a heavy toll on small banks across the nation as losses in the housing market mount and unemployment dents household wealth. Analysts expect the trend to continue even as larger banks stabilize and the overall economy begins to recover.
-snip-
(Excerpt) Read more at money.cnn.com ...
they will increase 10 fold
Link of States effected
http://money.cnn.com/news/storysupplement/economy/bank_failures/
Must be too many 'pub donors out there.
Since obama took office my quarterly distributions have gone down 30%.
Where's that YouTube link of Depression Cooking again?
Indeed. We have two years ahead of us with the ALT-As resetting, let alone the jobless primes starting to default.
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