Two more national banks fail, number will rise sharply

AFTER EIGHT YEARS OF CRIMINALLY BORROWING AND SPENDING OUR COUNTRY TO RUIN,

THE CONSERVATIVE MAJORITY MUST BE VER4Y PROUD OF THEMSELVES

IndyMac also failed on a Friday. Do you like how the FDIC fails banks on Fridays after normal working hours when the public is paying the least attention?

This is why we need to elect McCain. *Experience* Like, the experience he had with the S&L scandal in the 1980s. He was a close, personal friend of Charles Keating and was implicated in the scandal itself. So, he knows how to bring down the US banking system from the inside.

In contrast, Senator Obama has never cost the government billions of dollars. How can we elect a man who's never had the unmitigated greed to abuse loop-holes in the system for personal gain? It's the experience of the truly shady character that McCain can bring to the White House.

The FDIC issued a report recently on the banks it insured. What they founds was despite a 400% increase in loan loss provisions from 2007 levels, reserve growth is not keeping pace with rising non-current loans as troubled mortgage loans continue to increase. You can download the report at this website: http://www.ushousingmeltdown.org/housing-research.asp
The long and short of it is the bank failures are going to be a more common happening in the coming years.

Only two?
http://www.fdic.gov/bank/individual/failed/banklist.html

All this ws caused by the stupid war....If you build
a 1 bill $ bonb, then through it away, we must pay for it...If we get 1 bill $ in new homes, people get
wealthier...
Now we are paying for the BILLIONS of bombs we made and have wasted....

> Do you like how the FDIC fails banks on
> Fridays after normal working hours when
> the public is paying the least attention?

That is *NOT* the reason.

The FDIC can work (sometimes 24 hrs a day) over the weekend... to get things back in order by Monday.

The FDIC is the GOOD guys... they help save you from losses.

The failures and potential failures may have an interesting twist, one that is not getting any consideration. The Fed and the FDIC are responsible for the U.S. commercial banking system with the thrifts and S&L under a different branch. This all well and good, and covered. However, Congress saw fit to make sweeping changes in the banking laws and we now have many foreign institutions with branches in the U.S. How will this be handled? Royal Bank of Scotland, Barclays and HSBC are just a few and the aforementioned have all taken some good hits. Recently, Barclays made a move to raise additional capital. Hong Kong/Shanghai closed branches in Charlotte and Arizona. IF, any one of these went belly up, how does it get handled? While they have branches in the U.S. they remain foreign banks and therefore, our jurisdiction would be dubious.

God is watching, waiting patiantly, who will have faith, will just one have faith? if so our hopes will not fall by the wayside. Never forget the author and finisher of our faith! I am strongly optimistic for a much brighter future with God as our leader.

No where does G_D promise a nice fun filled wealthy life here on earth. He ONLY promises eternal life after your death here on earth. Life can be almost a hell here on earth adn only faith in a better life after death can get you though it. All these missinformed people who believe that this life should be great and confortable have not really read the bible. NO, you personally are responsible for making your your life good or bad and moral and ethical. Don't hand this responsibility over to G_D !

"I am strongly optimistic for a much brighter future with God as our leader." WT HECK? God in the person of a Republican President? We've had that for the last 7.5 years and look where it's gotten us.

Read your bible and stay off the Internet, please.

There is no such thing as god, and I have a moth flying around in my home now. It's very nervous and keeps diving in all directions like it's gone crazy. Reminds me of GW Bush.

Like the addage "Trust everybody; cut the cards," I say believe in God, trust in God, pray to God; elect an honest, intelligent and competent idividual for president. If you make a mistake in this once, redouble your efforts to correct the error next time. If you make the same mistake twice in a row you should refrain from voting henceforth.

The failure of First National Bank of Nevada after the Indy Mac collapse shows there will be more failures coming fast. Corus Bank of Chicago, First National Bank of Omaha, Downey Federal are three banks I have done buisness with now and in the past and am getting out of QUICK as I fear one or all of them will collapse without any forwarning. Intersting, these three have (Just like with Indy mac just before it was seized) offered the highest CD rates in the country, they are cash starved zombie banks, but hey, it's just my opinion.