Six Banks Fail, 2010 Tally at 15
Six community banks failed Friday, bringing the 2010 tally of failed U.S. banking institutions to 15.
Last year, 140 banks failed. At this rate, we can expect to see 180 (or more) banks fail this year.
But there is no need to worry.
Bank failures only hurt people who have money or need to borrow money. The federal government is working on solving the problem. Based on the current economy policies being enacted by the federal government, soon there will be no people with jobs. And if you don't have a job, you very soon won't have any money. And if you don't have a job, you can't pay back a loan, so there is no need to borrow money.
Problem solved.
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