To: SeekAndFind
US regulators on Friday shut down Colonial BancGroup Inc., a lender in real estate development, in the biggest US bank failure this year, and
also closed four banks in Arizona, Nevada and Pennsylvania.The closures boosted to 77 the number of federally insured banks that have failed in 2009.
6 posted on
08/15/2009 6:44:52 AM PDT by
org.whodat
(Vote: Chuck De Vore in 2012.)
To: org.whodat
The closures boosted to 77 the number of federally insured banks that have failed in 2009.
Just wanted to know... how does the current bank closure rate compare to the Savings and Loan crisis of the late 1980's ?
To: org.whodat
"The closures boosted to 77 the number of federally insured banks that have failed in 2009. " My spies tell me that the number of failed banks will approach 900 by the end of 2009. We have a ways to go.
12 posted on
08/16/2009 7:52:16 PM PDT by
An Old Man
(Use it up, Wear it out, Make it do, or Do without.)
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