Regulators close Prosperan Bank of Oakdale

Oakdale-based Prosperan Bank, which regulators ordered in September to shape up, was closed today by the Minnesota Department of Commerce.

[System Error]

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

[LiberalBuster]

thank you, obama...you failure!

[Blarney Fwank]

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/...

[The Voice of Reason]

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?

[LiberalBuster]

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!"

[Marge]

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.

[IrishMN]

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.

[Mike B]

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..........

...
.
..

Oh.

[Christy NE Mpls]

welcome to Obama's world

socialism stinks

[highland guy]

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

P-BO.

[weird]

Welcome to Communist America comrade.