Four U.S. Banks Shut Down as Failure Count This Year Reaches 26
The FDIC said last month it had included 702 banks with $402.8 billion in assets on the confidential “problem” list as of Dec. 31, a 27 percent increase from the third quarter.
The economy continues improving. Unemployment continues to climb. Home foreclosures continue to climb. Businesses continue to fail.
The F.D.I.C. is starting to have trouble finding banks that are willing and able to take over failing banks.
Is it time yet to celebrate Barack Hussein Obama's saving the economy?
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