Bank Failure Friday Fells a ‘Healthy Bank’ Bailout Recipient

icon gravatar.comwww.propublica.org/ion/bailout/item/bank-failure-friday-fell...
sent by helptheimmoral since 11 days 5 hours 51 minutes, published about 9 days 20 hours 42 minutes
United Commercial was one of five bank failures Friday, following bank closings earlier in the day in Georgia, Michigan, Minnesota and Missouri. The number of bank failures for the year now stands at 120. It’s the most failures since 1992, when the FDIC closed down 181 banks. The total cost of the other four bank failures to the deposit fund was an estimated $132.7 million. (See ProPublica’s complete list of bank failures this year.)
tags: banks, bailout
5 commentscategory: Business and Economy karma: 154

comments

  1. #1    Glad someone pays attention to the important stuff!!!
    written by Tiger_Exotic since 11 days 1 time 58 minutesTiger_Exotic
  2. #2    Yet no bankers hang.
    written by godistwaddle since 9 days 18 hours 16 minutesgodistwaddle
  3. #3    Nor the investment CEO's, derivative creators, oversight authorities, home loan bundling, and insurance brokers. Whatever happened to this hallowed statement that seems to drip from politician's mouths as ample as the venom from a tribe of rattlers being threatened.
    written by deke4 since 9 days 17 hours 21 minutesdeke4
  4. #4    "We are a nation of laws not of vipers". should be added to the statement above.
    written by deke4 since 9 days 17 hours 19 minutesdeke4
  5. #5    What kinds of problems have brought these banks down?
    written by MarkH since 9 days 9 hours 40 minutesMarkH
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