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Sunday, November 02, 2008

ANOTHER BANK SIEZED BY THE FEDS THIS WEEKEND

17th US BANK SEIZURE THIS YEAR AS FEDS MOVE AGAIN THIS PAST FRIDAY NIGHT

Florida's Freedom Bank of Bradenton became the 17th latest fatality in Bank closings this year. The bank lost $258 million over the past two quarters in written down real-estate loans.

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