Bank Failures Skyrocket Under The Failed Obama Administration; FDIC Broke

Hoo boy! Those bank failures just keep coming and coming under the leadership (heh...leadership) of Dear Leader His Excellency Barack Saddam Hussein Obama, Junior.

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.

I will have to explain this to the Pbama Cultists: you see, 124 is larger, it is a bigger number, than 25 and 3. Thus, this is not good. But it doesn't matter to Liberal Elitists like Pbama or his Pee-Pants Kool-Aid-injecting Cultists.

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.

Barry is so lucky to have the "M" after his name...for Marxist...and not an "R" following his name. Doing this enables him to receive the Coveted Free Pass and avoid all criticism and venom dished out by the Liberals directed toward W. Bush for - what essentially - were relatively minor economic downfalls during his terms.

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 - George Soros György Schwartz.

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