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Friday, December 18, 2009

140 Bank Failures This Year. F.D.I.C. Is Hoping For More Bank Failures Next Year.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7lu37u8FA0E&pos=7
Seven U.S. Banks Are Seized, Raising Year’s Failure Toll to 140

In keeping with their policy to keep the public uninformed about what they are doing, the F.D.I.C. on late Friday, quietly took over 7 more banks in 6 states. This brings to 140 banks that have failed since Barack Hussein Obama saved the economy by ignoring businesses that are too small to care about and by ignoring lost jobs in the private sector.

But don't worry about the increasing number of bank failures that have occured after Barack Hussein Obama saved the economy. All those banks don't matter. In fact, there are lots more banks that don't matter, and thus are expected to fail in the coming year. In preparation of the expected larger number of upcoming bank failures, the F.D.I.C. is increasing their budget by more than 50%.

Aren't you glad that Barack Hussein Obama saved the economy without saving jobs or businesses? Aren't you looking forward to the destruction of more business and more job losses while the economy improves?

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