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How about the banks?? Anyone getting their plug pulled today?

I understood it to be a bad week for the banks. Just wondering if anyone was headed toward the rocks this Friday. I haven't heard any rumblings... maybe it's due to Obama and the change he has brought!

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Good insight

here

There are over 7000 banks in the US

In the depression 2/3 of them closed.

Let me know when 4500 US banks close. This is nothing but the fed trying to scare people into accepting the latest global plan.

You're first on my list to call now....

I may not know the truth, but I know when I'm being lied to...

Thanks... I just found it on another thread.

20th bank...... do we get a toaster?

I may not know the truth, but I know when I'm being lied to...

Here is a link to the FDIC:

http://www.fdic.gov/bank/...

This shows all of the bank closing for this year.

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I love my country
I am appalled by my government

Bank Closed, 20th Failure Of The Year

John Letzing

MarketWatch Pulse

SAN FRANCISCO -- Loganville, Ga.-based The Community Bank has been closed by regulators, the Federal Deposit Insurance Corporation said late Friday, marking the 20th bank failure of the year amid the ongoing financial crisis. All of The Community Bank's deposits have been transferred to Tappahannock, Va.-based Bank of Essex, the FDIC said. The Community Bank had total assets of $681 million and total deposits of $611.4 million as of Oct. 17, the FDIC said.

"What country can preserve its liberties if its rulers are not
warned from time to time that their people preserve the spirit
of resistance?" --Thomas Jefferson

No new banks

That I know of, but now that Citi Bank stock is below $5, it looks like the $25 billion of bailout was a complete waste. If it stays below the $5 level threshold it could trigger institutional investors and pension fund sell off. Of course Paulson could still keep trying to prop it up.