damania
10-10-2008, 04:50 PM
Another one bites the dust!
#14) Main Street Bank, of Northville, Michigan, was closed by regulators today, the 14th to fail this year, as tightening credit and a deepening housing slump accelerates government action to shore up confidence in financial institutions.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXyvUEIjWy_o&refer=home
#15) Meridian Bank of Eldred, Ill. fails; year's 15th failure
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b4299537D-0352-4BBB-88D9-710C56BE11CE%7d&siteid=mktw
On a side note, FDIC should have a built in rule: Shall your bank fail, and you were an executive, u shall be publicly flogged. Or do it like they do it in Saudi Arabia. Have your greedy check signing arm cut off.
#14) Main Street Bank, of Northville, Michigan, was closed by regulators today, the 14th to fail this year, as tightening credit and a deepening housing slump accelerates government action to shore up confidence in financial institutions.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXyvUEIjWy_o&refer=home
#15) Meridian Bank of Eldred, Ill. fails; year's 15th failure
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b4299537D-0352-4BBB-88D9-710C56BE11CE%7d&siteid=mktw
On a side note, FDIC should have a built in rule: Shall your bank fail, and you were an executive, u shall be publicly flogged. Or do it like they do it in Saudi Arabia. Have your greedy check signing arm cut off.