State regulators shutter Oakdale-based Prosperan

Wow that's a shock... to anyone that didn't bank there.

thank you, obama...you failure!

Far exceeding the boundaries of just TARP recipients, the U.S. Treasury and the Federal Reserve have unveiled a set of curbs and rules for executive compensation at U.S. banks.

The Fed is proposing that it more aggressively regulate compensation practices at banks under its control, including thousands of U.S. banks as well as the American subsidiaries of overseas firms.

If this proposal passes, you will have the entire banking system of the U.S. under the thumb of government political operatives. Want a raise? Toe the line, baby. Make loans where they say, and only those loans, or your next government pay review is going to be a bitch.

Bankers will become puppets of the state.

Health and money,this Obama kid sure knows how to do a coup.

http://www.economicpolicyjournal.com/2009/10/...

Little did the clients of Prosperan Bank think that they would now be banking with an even stranger name. What the hell is Alerus? A yoga position or an STD?

The Voice of Reason wrote:

Little did the clients of Prosperan Bank think that they would now be banking with an even stranger name. What the hell is Alerus? A yoga position or an STD?

That is the code name for..."You have just been screwed by the government again!"

Hey Liberalbuster...take a pill.....the bottom line was the bank's president gambled with the people money....and failed...can't just blame it on the economy...lots of banks are doing just fine.

Greedy businesses are everywhere as eveidnced by the continuing take overs that our gorernment must do.

The solution: our government must take over the entire financial system of this country.

Private enterprise has shown that it can not be trusted to abide by the rules our government set forth. Thus, the only way to do things right is to have the government do it.

IrishMN wrote:

Greedy businesses are everywhere as eveidnced by the continuing take overs that our gorernment must do.
The solution: our government must take over the entire financial system of this country.
Private enterprise has shown that it can not be trusted to abide by the rules our government set forth. Thus, the only way to do things right is to have the government do it.

Yes, because no one in gov't has ever done anything illegal or proven themselves untrustworhty.

Wait a minute..........

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Oh.

welcome to Obama's world

socialism stinks

Where's their bailout? What, you mean EVERYONE doesn't get one? Who chooses?

P-BO.

Welcome to Communist America comrade.