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 (975 views)
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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?

Saturday, September 26, 2009 10:22AM Report Comment

2. mark said...

Maybe when they stop giving away free money there will be a daily bank failure...

Saturday, September 26, 2009 11:16AM Report Comment

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

Saturday, September 26, 2009 11:21AM Report Comment

4. jonb said...

Banks always fail over the weekend, unless they are really big banks like HBOS or Washington Mutual.

Saturday, September 26, 2009 11:36AM Report Comment

5. tenyearstogetmymoneyback said...

Maybe when all the banks have failed they will stop giving away free money

Saturday, September 26, 2009 01:50PM Report Comment

6. new_order said...

What a Wunch of Bankers, pardon my dislexia!

Saturday, September 26, 2009 02:58PM Report Comment

7. Pico Rg said...

USA people are stinky atackers so only valid thing is to stop giving them money. Really I have seen that.

Friday, October 30, 2009 04:11PM Report Comment

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