Saturday, October 17, 2009

99 and counting

The San Joaquin Bank became the 99th bank to fail this year. And we still have another 2.5 months left in 2009. As of June the FDIC had 416 banks

Seal of the United States Federal Deposit Insu...Image via Wikipedia

on their watch list. The Great Recession is over? Believe that and I'll sell you a bridge.

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