50 Bank Failures So Far This Year.

http://www.usatoday.com/money/industries/banking/2010-04-16-bank-failures_N.htm
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.

The Economy Continues To Improve By Letting All Except The Biggest Bailed Business Fail.

http://www.thestreet.com/story/10712575/1/banks-fail-in-georgia-arizona-and-florida.html?cm_ven=GOOGLEFI
Banks Fail in Georgia, Arizona and Florida

Regulators shut down two Georgia banks Friday, along with one each in Florida and Arizona. The failures lift this year's tally of failed U.S. banking institutions to 41.

Over a year ago Barack Hussein Obama saved the economy.

Unfortunately, millions of people lost their jobs after Barack Hussein Obama saved the economy. Millions of people are facing losing their homes since Barack Hussein Obama saved the economy. Barack Hussein Obama does not even care enough to count the number of businesses that have failed since he saved the economy.

So when the federal government reports that the number of banks that have failed so far this year has reached 41, we must continue to celebrate that Barack Hussein Obama saved the economy.

Of course, being unemployed and homeless makes it more difficult to celebrate the wonders of Barack Hussein Obama having saved the economy.

I wonder if Barack Hussein Obama has ever taken an economics class? I wonder if Barack Hussein Obama has ever learned that the backbone of the American economy is small businesses. I wonder if Barack Hussein Obama knows that most of the jobs in the United States are created and provided by small businesses? I wonder if Barack Hussein Obama knows that when small banks fail, this causes the failure of small businesses?

37 Bank Failures This Year: More Proof That The Federal Government Saved The Economy Last Year.

http://online.wsj.com/article/SB10001424052748703580904575132202423831876.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
Utah, Georgia Banks Closed

Regulators took down seven more banks Friday with a combined $3.3 billion in assets, marking a total of 37 failures for 2010.

In keeping with their policy of doing unpleasant work on weekends, the federal government shut down seven more banks. If the federal government had shut down these additional seven banks on Monday morning, it would have been all over the news all week. By shutting down the banks on Friday evening, it gives the news an excuse to bury the story, and ignore it come Monday morning.

In any case, the American public doesn't need to worry. In keeping with the federal policy of destroying the economy, the assets and liabilities of the closed banks were only offered to the banks which are already too big to fail. Evidently there is no point (and no ability) of the government to help out small banks.

For those of you who really believe that the federal government saved the economy, then you probably don't want to read any further. Because that attitude should be difficult to maintain when reading how the federal government expects to close 200 banks this year.

Bank Failures This Year. 26 And Counting.

http://www.businessweek.com/news/2010-03-06/four-u-s-banks-shut-down-as-failure-count-this-year-reaches-26.html
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?

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.

Another Day, Another Bank Failure.

http://www.thestreet.com/story/10670679/1/six-banks-fail-2010-tally-at-15.html?cm_ven=GOOGLEN
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.

Escalating Bank Failures Constitute Proof The Economy Was Saved A Year Ago.

http://online.wsj.com/article/SB10001424052748703822404575019681776963858.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
Five Banks Fail; Year's Total at 9

9 banks have failed so far in 2010.

Unemployment continues to climb. Home foreclosures continue to climb. Bank failures continue to climb. It is a good thing that Barack Hussein Obama saved the economy a year ago.

I shudder to think what shape the United States would be in if the economy hadn't been saved. In fact, based on these results, the stimulus / bailout worked so well, that we need to do it again this year. Unfortunately, Barack Hussein Obama is running out of Wall Street Wizards to bail out, so he won't know what to do with any money he might earmark for this project. Of course, he could just set up a slush fund for his private discretion to use as he sees fit. Considering how well Barack Hussein Obama has done so far in saving the economy, he needs to be able to continue to cut back room deals without any oversight to continue with the progress he has made so far.

Aren't you glad you can live in a country that allows you to own your own cardboard box, and collect food stamps while discussing how good a job the current regime has done so far?

Avoid The Rush. Have Your Bank Fail Now.

http://www.reuters.com/article/idUSN08445320100109?type=marketsNews
UPDATE 1-Horizon Bank first U.S. bank failure of 2010

3 banks failed in 2007.

25 banks failed in 2008.

140 banks failed in 2009.

FDIC Chairman Sheila Bair believes that we can do better. She believes that even more banks will fail in 2010 than ever before. She believes that more than $100 billion will be spent saving banks between now and and 2013.

What gives FDIC Chairman Sheila Bair the confidence to make these kinds of projections? How can she be sure that more banks will fail in 2010 than in 2009? It certainly can't be because Barack Hussein Obama claims to have saved the economy in 2009? So what else could she be thinking of when she expects increasing numbers of banks to fail in the future?

140 Bank Failures This Year. F.D.I.C. Is Hoping For More Bank Failures Next Year.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7lu37u8FA0E&pos=7
Seven U.S. Banks Are Seized, Raising Year’s Failure Toll to 140

In keeping with their policy to keep the public uninformed about what they are doing, the F.D.I.C. on late Friday, quietly took over 7 more banks in 6 states. This brings to 140 banks that have failed since Barack Hussein Obama saved the economy by ignoring businesses that are too small to care about and by ignoring lost jobs in the private sector.

But don't worry about the increasing number of bank failures that have occured after Barack Hussein Obama saved the economy. All those banks don't matter. In fact, there are lots more banks that don't matter, and thus are expected to fail in the coming year. In preparation of the expected larger number of upcoming bank failures, the F.D.I.C. is increasing their budget by more than 50%.

Aren't you glad that Barack Hussein Obama saved the economy without saving jobs or businesses? Aren't you looking forward to the destruction of more business and more job losses while the economy improves?

Additional Bank Failures Prove Economy Is Improving

http://online.wsj.com/article/SB10001424052748704201404574590451333082762.html
FDIC Seizes Three Banks

Three more banks failed on Friday. This brings the total to 133. This year. So there is still time for a few more failures before the end of this year.

Barack Hussein Obama has previously told us he saved the economy with his stimulus and bail out plans.

So does this mean that three more bank failures on Friday are proof that the economy is still recovering?

I wouldn't worry. Since these banks were not too big to fail, they must be too small to care about. After all, everybody except Barack Hussein Obama (and his minions) knows that most of the jobs in this country were created by small business. So letting small banks that cater to small business fail must be good for the economy.

Bank Bailout and Reform are Working

http://www.thestreet.com/story/10626826/1/two-banks-one-thrift-fail-friday.html?cm_ven=GOOGLEN
Two Banks, One Thrift Fail Friday

The bailout and stimulus plan seems to be doing something. However, I was under the impression the plan was to fix the problems and prevent future bank failures. I guess I was mistaken. The stimulus and bail out plans seem to have been created to allow the too big to fail banks to pay out their annual salaries and bonuses to the executives who caused this mess in the first place.

Aren't you glad to know that the president and congress and senate are doing their best to keep this economy running smoothly.