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Saturday, February 20, 2010

Bank Failures. And The Hits Just Keep On Coming!

http://online.wsj.com/article/SB10001424052748704511304575075950889213516.html?mod=WSJ_latestheadlines
U.S. Bank Failures in 2010 Rise to 20

Another week, another 4 bank failures.

Yup.

The stimulus / bailout (welfare for the wealthy) bill from last year really saved the economy and jobs. Although it didn't save these 4 banks. Or the 185 banks before them that failed. Or the projected dozens of banks expected to fail later this year.

Although, maybe the plan is to let ALL the banks fail until there is only one left. At which point it really will be too big to fail.

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