Calif. National Bank shut down

Calif. National Bank shut down

There are 9 comments on the LA Daily News story from Oct 31, 2009, titled Calif. National Bank shut down. In it, LA Daily News reports that:

Regulators have shut California National Bank of Los Angeles -- which has a dozen branches in the San Fernando Valley -- and eight smaller related banks as the weak economy continues to produce a stream of loan defaults.

Join the discussion below, or Read more at LA Daily News.

mona liza

Studio City, CA

#1 Oct 31, 2009
Banks aren't lending money to any american, the banking system at the present time are hurting the american economia to holding the money. The small business are desperately for capitals to developed their business and hiring more poeple but the banks are holding the money purposely to harm the american economia and emproverish the country to converted it in a coummist system.
mona liza

Studio City, CA

#2 Oct 31, 2009
Communist system will never work in america didn't work in Russia not in Cuba.
mona liza

Studio City, CA

#3 Oct 31, 2009
Those one that are conspiring to converted american in socialist system are wasting their times, at the end american free market system will prevail. The distribuition of american wealth is being doing without transparency basic in dishonest and fraundulent actions.
mona liza

Studio City, CA

#4 Oct 31, 2009
the violation of the constitutional rights of the american people have been violated at all time with the present goverment, ones the violator are capture will be held accountable for their crimes.
Oscar

Las Vegas, NV

#5 Oct 31, 2009
Making loans to people of Bad Credit, or Questionable Credit, is a failing proposition. Minorities are the worst at repaying loans. Government pressure to be fair in lending, and not discriminate, and set aside a portion of loans for low income borrowers, places banks at-risk by trusting people with a history of personal financial mismanagement, and irresponsible spending. The Government is largely responsible for the banks failing. If banks DON't process at-risk loans, and shoulder the risk of these losers ever acting responsible and paying the money back, they are held accountable for discrimination since the largest at-risk groups are Blacks and Browns. And those groups are beginning to believe, that if there are large enough numbers of them that DO default on their loans or Credit Cards, the Government will bail them out, like all the Black farmers who defaulted on Farm loans, got New Loan arrangements at a lower rate, and most got their defaults completely forgiven. Guess who paid for that act of Reparations? You did, with your Tax Dollars, from generous Politicians trying to buy the black vote. And who is Rebuilding New Orleans, and providing HUD housing to bums? You are. Large enough numbers of people with bad credit, always get a break from YOUR Government. But just try and get a loan yourself, and see what happens.........
Gabriel

Whittier, CA

#6 Oct 31, 2009
Hey Oscar as a "brown" in california i sit back and laugh at all the facts and they are all TRUE. I am happy that at least the small guy gets bailed out once in a while lol.... Now tell me more about free markets and how the federal government got involved with the bailout. I say if the government bails out wall street... I should get in line for my share as well. And to top it all off...they reward the employees with huge bonuses...have you ever made in your lifetime what they make in a bonus?
LACITY

United States

#7 Oct 31, 2009
The U.S.A is in a delusional state of mind in assuming that the economy can be fixed over night. Socialism by any other name is the same socialism. I feel that is what has become of the U.S.A a communist state that's in denial of it. The problems wont go away by its self. America needs to go back to its fundamentals of freedom, liberty, separations of church and state and rigorist enforcement of the constitution, bill of rights, elimination of a two party systems because politicians are voting their party not right or wrong. The continuous erosion of the principals of the founding fathers will lead to greater hardship for us now and for generations to come. Ignoring the elephant in the living room must come to past before anything can be fixed.

“America & LEGAL Americans 1st”

Since: Aug 08

Chatsworth

#9 Oct 31, 2009
Change we can believe in.
hey there

Sierra Madre, CA

#10 Mar 31, 2011
Hello!!!

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