Saturday, Sep 26, 2009
Another bank goes down....
Cnn: Georgia bank is 95th to fail this year
Atlanta-based Georgian Bank was closed by state regulators Friday, according to the Federal Deposit Insurance Corporation, becoming the 95th to fail in the nation this year.
Posted by mark @ 09:54 AM (620 views) Add Comment
7 Comments
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1. alan said...
Another friday, another bank failure in the USA.
"President Obama says the G20 group of nations will keep a trillion dollar economic stimulus package going until jobs return". says the Sky banner headlines. By continuing to stimulate the economies of the world, house prices should stop falling and taking the banks down with them.
I expect to see commodity prices and gold rise.
Does anyone know what happens when we stop "stimulating". Is it like alcohol where you wake up with a hangover?
2. mark said...
Maybe when they stop giving away free money there will be a daily bank failure...
3. devo said...
"Maybe when they stop giving away free money there will be a daily bank failure.."
No maybe about it. When you remove life support from a terminally ill patient, there is only one outcome: death.
So the free money will continue.
printy printy
4. jonb said...
Banks always fail over the weekend, unless they are really big banks like HBOS or Washington Mutual.
5. tenyearstogetmymoneyback said...
Maybe when all the banks have failed they will stop giving away free money
6. new_order said...
What a Wunch of Bankers, pardon my dislexia!
7. Pico Rg said...
USA people are stinky atackers so only valid thing is to stop giving them money. Really I have seen that.