5 more banks bite the dust

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wildjo's picture
wildjo
Status: Bronze Member (Offline)
Joined: Aug 27 2009
Posts: 44
5 more banks bite the dust

Three in Florida, one in Massachusetts, and one in Michigan:

http://www.fdic.gov/bank/individual/failed/banklist.html

 

 

wildjo's picture
wildjo
Status: Bronze Member (Offline)
Joined: Aug 27 2009
Posts: 44
Re: 5 more banks bite the dust

Looks like they aren't done for the day.  They just added a sixth bank from Cali to the list.

sammy's picture
sammy
Status: Bronze Member (Offline)
Joined: Feb 23 2010
Posts: 35
Re: 5 more banks bite the dust

Make that 8 total. Another in California and Washington state.

wildjo's picture
wildjo
Status: Bronze Member (Offline)
Joined: Aug 27 2009
Posts: 44
Re: 5 more banks bite the dust

The most in one week since last October.

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: 5 more banks bite the dust

Like gold, this is just the opening act. Just wait.

kmarinas86's picture
kmarinas86
Status: Silver Member (Offline)
Joined: Dec 29 2008
Posts: 164
Re: 5 more banks bite the dust
wildjo wrote:

Three in Florida, one in Massachusetts, and one in Michigan:

http://www.fdic.gov/bank/individual/failed/banklist.html

The game has been rigged against them. Small banks have no choice; they must play financial musical chairs with the big shots until a bigger daddy wipes them out.

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