Monday, August 31, 2009
Pbamanomics Forces More Bank Failures
That Barry Barack Hussein Soetoro Obama Hitler, Junior guy...he's sure doing a Heckuva job, ain't he? Just a Heckuva Job!
Year-to-date bank closures reaches 84. CNN Money:
Regional banks in Maryland, Minnesota and California were closed by regulators Friday, bringing the total number of failed banks this year to 84, the Federal Deposit Insurance Corporation said.
Baltimore, Md.-based Bradford Bank, which operated nine branches, will reopen Monday as part of Manufacturers and Traders Trust Company.
M&T, which is based in Albany, N.Y., agreed to assume all of Bradford Bank's $383 million in deposits and will purchase "essentially all" of its $452 million in assets, the FDIC said.
In Minnesota, the eight branches of Mainstreet Bank of Forest Lake will be taken over by Stillwater-based Central Bank.
With Friday's closures, the number of banks shut this year is more than three times the number of banks that failed in 2008, and it's the highest tally since 1992, when 181 banks failed.
The majority of this year's failures have been small, regional banks that fell victim to losses on real estate and consumer loans as unemployment surged to a 25-year high. But there have also been a number of large institutions closed in 2009.
Last week, regulators in Texas closed Guaranty Bank, which had about $13 billion in assets and was the third-largest bank to fail this year. That came one week after Alabama-based Colonial BancGroup became the sixth-largest bank failure in U.S. history on Aug. 15.
The wave of failures is expected to continue, raising concerns about the size of the FDIC's insurance fund.
It's a good thing Barry is in Charge. Otherwise we'd have to listen to the LiberNazis piss and moan about the economy and the alarming number of bank failures. If Barry didn't have the Magic L ("Liberal") behind his name...omg...the Insane Liberal Clown Posse (ILCP) would be projectile vomiting blood. But they remain the dutiful, obedient, mum-is-the-word - never criticizing their Fraudulent Prophet - over the abject failures of their Messyiah. Good little Cultists they are, yes? They take the Kool-Aid intravenously these days.
I wish he would go home to Kenya where he belongs. Let the impeachment begin.
Lets not be petty and blame it on the new guy, I mean hell he didn't even wright or have anything to do with the original bailout that we are still feeling the sting from.
Wouldn't it have been easier to just pay off around 500 million or so in current loans freeing up that money every month so those people could spend it on the economy? Yeah your right it would have been TO easy. Over sight on bank practices, putting white collar criminals in real prison instead of country clubs or how about this maybe people should live with in their means.
You retarded right wingers are no different than the idiot lefties. Always quick to place blame but never want to take responsibility for being part of the problem.
I know you have demonstrated an amazing ability to talk out of your rectum in the comments I have read and published of yours.
But if you would bother to read other parts of my blog, you find that I was AGAINST THE BAILOUT AND THE CORPORATE WELFARE that Bush championed as well as the bailouts and corp welfare under Pbama.
And sure, we can BLAME the NEW GUY for spending and printing trillions of dollars we don't have and never will have. Remember how the Left bitched about Bush spending Billions? Why are the LefTards so dutifully silent over Pbama spending Trillions?
I place blame exactly where it belongs, irrespective of political ideology.
You, on the other hand, talk out of your ass, spouting opinions, judging others without taking the time to read what they write or have written in the past.
I hope you haven't procreated. We don't need anymore ignorant, inbred, fuckTards like you on the planet.
Are you Jersey McJones? Do tell.
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