While lurking online, I came across a recent news article:
Regulators shutter 2 big Calif. banks, 5 others
By MARCY GORDON, AP Business Writer Marcy Gordon, Ap Business Writer – Fri Dec 18, 9:10 pm ET
WASHINGTON – Regulators on Friday shut down two big California banks, as well as banks in Alabama, Florida, Georgia, Michigan and Illinois, bringing to 140 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults.
The Federal Deposit Insurance Corp. took over all seven.
Well, it’s not so much shutting down unprofitable banks here in the United States. There are still the banksters doing business overseas. And those INTERNATIONAL entities need to be regulated for asking too much and for too long! My references to banksters in my previous blog entries have NOT been within the U.S. territories. Damn, you people are SO SLOW!
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