Thursday, October 1, 2009
Banks are still toxic
The US governmentâ€™s latest list of â€œproblemâ€ banks, ran to 416 lenders, a 15-year high, as of June 30. One outfit not on the list was Georgian Bank, the second-largest Atlanta-based bank, which supposedly had plenty of capital. It failed last week....and ..Georgianâ€™s clean-up will be unusually costly.