U.S. shuts 8 more banks; 50 total have been closed this year
Regulators on Friday shut down eight banks — three in Florida, two in California, and one each in Massachusetts, Michigan and Washington — putting the number of U.S. bank failures this year at 50.
Barack Hussein Obama's war on capitalism is proceeding as planned and on schedule.
If the federal government actually tried to save banks from bankruptcy, it would be horrible. There would be no job losses at the banks. The banks would be able to continue to loan money to those who need it. Small businesses need small loans to keep their businesses open, and their staff employed. Homeowners need understanding banks to work with them while dealing with the tough economic times to prevent losing their homes to foreclosure. We can look forward to none of these things happening. All we can look forward to is more bank failures and more government oversight trying to understand why the government is not doing more to speed up the failures of the banks which service the local communities.
But you have nothing to worry about. This is just Barack Hussein Obama's plan to convert America into a socialist utopia. In order to reduce American into a socialist workers paradise, Barack Hussein Obama needs to close down all businesses and destroy private property ownership. At which point, Barack Hussein Obama will have accomplished all he has set out to do. At which point, Barack Hussein Obama will have assured his place in the history books next to his heroes (Karl Marx, Joseph Stalin, Kim Jong Ill, Mao Zedong and Fidel Castro) will be assured for all time.
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