FDIC shuts down more banks, pushing yearly tally to 78
The tally of U.S. bank failures now stands at 78 after the Federal Deposit Insurance Corp. closed Granite Community Bank in Granite Bay, Calif., Sun West Bank in Las Vegas, Nev., and three affiliated banks that were owned by Bank of Florida Corp.
The economy continues to improve.
Banks (and other businesses) continue to fail. Jobless people continue to reach the end of their unemployment benefits, thus are no longer counted as unemployed and therefor reducing the unemployment rates. Increasing numbers of people are becoming delinquent on their home loans, thus facing foreclosure on their homes that now cost less than their existing mortgages.
I can see why Barack Hussein Obama is happy and proud of the work he has done to save the economy.
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