Regulators shut down 3 small banks, bringing this year's failed...

Regulators have shut down three more small banks, pushing this year's tally of failed banks to 40.

[LBA]

Oh this must mean that we should spend more money! Silly economists, bank failures are a public disservice and the executives of these institutions should go to jail for not executing on their fiduciary responsibilities. Thats why banks have been historically financially conservative, so they don't fail.

[Taxpayer]

Change we can believe in.

[TWa]

Back in thbe early 90's, a fella told me this:
"My grandpa said before the Great Depression, there was a bank on every corner"

Well, in the early 90's when he said this, we had it seemed, a bank on every corner.
So what we did as a society, we built more corners, so that we could accomodate more banks.
While in reality we had less banks, just more branches, chasing the same dollar.

To make a long story short, Old Grandpa, who did little more than "work" and who created wealth, was 100% correct.

And the PHD's, experts, geniuses h and politicians that destroy wealth, were again, wrong.

[Firstname Lastname]

Well, we need to keep moving this process along. The banks that have failed have to be dismantled so we can move on.

If the Fed, and the Executive, and Congress can get the big banks to start moving their toxic assets, then we will be further along to recovery.

[bill p]

I am keeping my fingers crossed as I have assets in a few banks and credit unions. My wife bit the bullet at IndyMac but it only cost her less than 5 bucks in interest she would have received.

[FatNSassy]

We are all keeping our fingers crossed Bill. How many banks can fail before the insurance fund runs out? What are they going to do? Issue IOUs like the state of California?

[SteveH]

FatNSassy wrote:

We are all keeping our fingers crossed Bill. How many banks can fail before the insurance fund runs out? What are they going to do? Issue IOUs like the state of California?

The federal can print more money. That will cause the value of the dollar to decrease. Hope we don't end up needing a wheelbarrow of cash to buy some bread like the post WWI Germany experienced.

[I heart Schadenfreude]

Taxpayer wrote:

Change we can believe in.

----------
The wingnut haters never miss a chance to fling hate, do they?

[Morton mike]

I heart Schadenfreude wrote:

<quoted text>
----------
The wingnut haters never miss a chance to fling hate, do they?

But wait, Joe Biden says everything is working. Our lying President looks in the camera and tells us this stimulus is doing what they expected. Really? Explain that please Mr Obama. You said during the election that we were in terrible times as bad as the Great Depression I believe. People get succored in and now you have put us closer to what it was like during the Great Depression. Thanks for that. Oh by the way, we now know why you have to get the health care passed before the break. YOu know that when Congress goes home, they will be deluged by all of us telling them not to follow you. What a shiister.

[Morton mike]

I heart Schadenfreude wrote:

<quoted text>
----------
The wingnut haters never miss a chance to fling hate, do they?

We do hate what your little community organizer is doing to our country.

[Monsieur Lafarge]

I heart Schadenfreude wrote:

<quoted text>
----------
The wingnut haters never miss a chance to fling hate, do they?

What are you flinging?

[August]

$1.1 Billion...GONE!

[August]

There has NEVER been any FDIC INSURANCE FUND! Huge lie! That little thing called the "National Debt" just went up $1.1 Billion , and YOU OWE IT!!