9 more U.S. banks fail; $2.5 billion hit for FDIC - MarketWatch »
Posted By gbudavid 3 months, 1 week ago in Business & FinanceSAN FRANCISCO (MarketWatch) -- Nine more U.S. banks, all owned by the same Illinois holding company, were closed Friday by regulators, and the Federal Deposit Insurance Corp. said U.S. Bank of Minneapolis would assume their deposits.
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hyperbola3 months, 1 week ago
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Why should we be surprised. The GOP inspired transfer of American wealth and income to the super-rich that started with RayGun has repeatedly brought us bank failure, economic crashes and corruption of massive scale. Remember that RayGun himself caused three crashes: junk-bond scam, 1987 market crash, and the Savings and Loan scam - at great cost to average American taxpayers. Since we embarked on his "deregulation and transfer to the rich" program we have also had the 1997 Asian crash, dot-com collapse and the current massive corruption by "investment" banks. Time to stop asking for more punishment and end the obvious failure of the RayGun/GOP ideology. The public has already been sucked dry by the corruption and failure it engendered.
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Klarissa3 months, 1 week ago
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hum - I thought that cash for clunkers would transfer the wealth and solve the economic problem.
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You will have to be specific about the "RayGun/GOP ideology."
I have yet to see how obama's "ideology" is any different from Carter, Clinton, or Bush.
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