BANK BUST FRIDAY !!!! (Yeah, it's Saturday, but I partied last night)

[marmar]

Bank Closing Information - January 29, 2010


American Marine Bank, Bainbridge Island, WA
First Regional Bank, Los Angeles, CA
Community Bank & Trust, Cornelia, GA
Marshall Bank, Hallock, MN
Florida Community Bank, Immokalee, FL
First National Bank of Georgia, Carrollton, GA


www.fdic.gov

[FarCenter]

1. It was a biggie -- over $1.8 Billion in losses to the FDIC insurance fund

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7605091

See reply 6. I like the comment by "conscious evolution".

How about the FDIC publishes on its web site the names of all the delinquent borrowers for the bad loans that it assumes risk for in all these bank bailouts? Just like we want to know who got paid off in the AIG bailout, we should know who is costing the FDIC money in these bank busts. After all, it is a tax on our deposits that funds the FIDC insurance fund.

[BR_Parkway]

2. So 12 in the first 29 days of this year - almost 1 every other day on average

interesting that there's hardly any reporting in the M$M about this - most of the way last year as well