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7 more banks fail as FDIC mulls rules for sales [6 in Illinois as Obama says markets stable]
AP ^
| 2009-07-02
Posted on 07/02/2009 8:43:32 PM PDT by rabscuttle385
7 more banks fail as FDIC seeks stronger rules for buyers of failed banks.
BY STEPHEN MANNING and DAVID PITT
WASHINGTON (AP) -- Six Illinois banks and one bank in Texas were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks.
That brought the number of U.S. bank failures this year to 52.
That's more than double the 25 which failed in all of 2008 and the three closed in 2007.
The Federal Deposit Insurance Corp. was appointed receiver of all seven. The total cost to the Deposit Insurance Fund from the seven closings will be $314.3 million, the FDIC said. The assets of most of the failed banks will be turned over to other institutions.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; Front Page News; Government; News/Current Events; US: Illinois; US: Texas
KEYWORDS: bankfailure; fdic; financialcrisis; govwatch; obama; socialism; socialistagenda
"We have successfully stabilized the financial markets."
—Barack Obama, on July 2, 2009, in an AP interview
Figures don't lie. But liars figure.
Failed Bank Information for Founders Bank, Worth, IL
Failed Bank Information for Millennium State Bank of Texas, Dallas, TX
Failed Bank Information for The First National Bank of Danville, Danville, IL
Failed Bank Information for The Elizabeth State Bank, Elizabeth, IL
Failed Bank Information for Rock River Bank, Oregon, IL
Failed Bank Information for The First State Bank of Winchester, Winchester, IL
Failed Bank Information for The John Warner Bank, Clinton, IL
To: wafflehouse; Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; ...
*Ping!*
2
posted on
07/02/2009 8:44:10 PM PDT
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
That brought the number of U.S. bank failures this year to 52. That's more than double the 25 which failed in all of 2008 and the three closed in 2007. How's that "hope and change" working out for you?
Woo hoo! Was I the first?
3
posted on
07/02/2009 8:45:54 PM PDT
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
To: rabscuttle385
Happy FDIC Friday, everyone!!
4
posted on
07/02/2009 8:50:09 PM PDT
by
Ghost of Philip Marlowe
(The most dangerous fascists are those with a warm smile and soothing voice.)
To: rabscuttle385
5
posted on
07/02/2009 8:50:51 PM PDT
by
John W
To: rabscuttle385
By the way, to counter the “nothing accomplished” bumper stickers of the lying left, we need one that states, “nothing stabilized” or something along those lines.
6
posted on
07/02/2009 8:51:14 PM PDT
by
Ghost of Philip Marlowe
(The most dangerous fascists are those with a warm smile and soothing voice.)
To: Ghost of Philip Marlowe
Obama bailed, banks failed.
7
posted on
07/02/2009 8:52:16 PM PDT
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
More bank failures are about the only thing you can bank on.
To: Ghost of Philip Marlowe
“Stop Meddling With America”
9
posted on
07/02/2009 9:02:09 PM PDT
by
TigersEye
(0bama: "I can see Mecca from the WH portico." --- Google - Cloward-Piven Strategy)
To: rabscuttle385
Obama lied, banks died!
To: rabscuttle385
Opened my first checking account at the Danvile,IL bank...
To: Ghost of Philip Marlowe
The favorite I've seen today, posted earlier by william clark
12
posted on
07/02/2009 9:14:56 PM PDT
by
lainie
(The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
To: william clark
ping. thanks for the laugh...I think...
13
posted on
07/02/2009 9:15:32 PM PDT
by
lainie
(The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
To: rabscuttle385
Seven more. Six from his so-called home state.
good night nerts.
14
posted on
07/02/2009 9:16:12 PM PDT
by
lainie
(The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
To: rabscuttle385
15
posted on
07/02/2009 9:17:39 PM PDT
by
mojitojoe
(All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
To: lainie
LOL!!!
Excellent.
Unfortunately, it will be America sporting that bumper sticker in about a year. Tops.
16
posted on
07/02/2009 9:21:34 PM PDT
by
Ghost of Philip Marlowe
(The most dangerous fascists are those with a warm smile and soothing voice.)
To: rabscuttle385
“That brought the number of U.S. bank failures this year to 52. That’s more than double the 25 which failed in all of 2008 and the three closed in 2007.”
BUMP!
It’s a race to the bottom!
17
posted on
07/03/2009 6:40:55 AM PDT
by
Diana in Wisconsin
(Save The Earth. It's The Only Planet With Chocolate.)
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