Friday, January 29, 2010

4 More and Another 1 Billion in Loses

There was another bad sign today in the shaky Financial World. By day's end 4 more banks failed today with over 1 Billion Dollars in loses to the FDIC. That brings the running total at 13 so far this year, and another 580+ known to be in trouble.

Marshall Bank of Minnesota, Florida Community Bank of Florida, First National Bank of Georgia and Community Bank and Trust of Georgia. Total Cost to the taxpayer to pay the depositors is over 1 Billion Dollars. Stay tuned, more to come I'm sure...

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home