Folks, once again it's Friday night and just like clock work the Feds have seized another bank.
This makes the 18th Bank seizure by Government this year. This AP report was released less than 34 minutes ago, but as usual SBYnews is right on top of it.
This one will only cost the FDIC about 1.4 - 1.6 billion dollars.
The latest fatality is Franklin Bank of Houston Texas. And once again, they moved-in right after the bank closed on this Friday evening.
http://ap.google.com/article/ALeqM5i7a83ownP_4eSGcjaEzMtU63H6RgD94AE9BO0
http://www.bankfranklin.com/
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4 comments:
Will the bleeding ever end?
Good gosh, what is going on in this Country. And why is the government being so secretive and quiet about all of this.
There is definately something wrong.
And another ones gone
And another ones gone
Another one bites the dust...
(They have to go away before the healing begins, sad reality, but true. All we got left is faith, i bet you get a kick outta that. But faith in what). Faith in ourselves, faith in our history, faith in our living as well as are passed, how bout faith where-ever you find it.
RE: Doug Wilkerson
Isn't it funny how quiet the Feds are about all of this. I haven't heard a thing on any of the major networks, CNN, CNBC, ABC, or even Fox.
And the banks keep falling like flies.
Damn I better try and cash my chips in on some euro dollars. Then again Grand Cayman Islands are nice this time of year.
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