Sunday, November 29, 2009
Bank Failures Skyrocket Under The Failed Obama Administration; FDIC Broke
We're up to 124 bank failures in the ten short months The Kenyan has been in office. Zacks:
U.S. regulators on Friday [November 20] closed down Commerce Bank of Southwest Florida. Though there are some early signs of economic recovery, bank failures go on growing with rising loan defaults. This takes the total number of bank failures to 124, compared to 25 in 2008 and 3 in 2007.
Yep...the bank failures under W. Bush, well...the numbers were negligible. But under Pbama the bank closure numbers are skyrocketing. But you won't hear a peep out of his Cultists because they are too busy eating their Obama Shit Sandwiches saying, "yum yum, give us more Prednint Obama, give us more! We love your shit sandwiches. These are the most tasty sandwich evah !"
And the FDIC is broke. NY Slimes:
The government-administered insurance fund that protects depositors fell into the red for the first time since the fallout from the savings-and-loan crisis of the early 1990s as the pace of bank failures accelerated.
The fund had a negative balance of $8.2 billion at the end of the third quarter, federal regulators said Tuesday.
[...]
So far, the F.D.I.C. has seized and sold 124 banks in 2009, and analysts expect hundreds more to collapse in the months ahead.
In eleven short months under the Pbama Regime, there are 7.5 million jobs lost or aborted under Pbama. This is exactly what Pbama wants. He is doing the will of his puppet master(s), most likely - in my opinion -
Oh those Kool-Aid-injecting Pbama Cultists must be proud of their election-stealing Kenyan. He is doing a Heckuva Job. Just a Heckuva job!
©2009
Labels: Bank Failures, Blame Pbama, Cultists, George Soros György Schwartz, It's The Economy Stupid, MaCultists, Obama Shit Sandwich, Pbama Must Fail, PbamaNomics, The Market
It's the Kool-Aid, Molson.
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