55 banks sine 1 jan

[Don Quixote]

anyone need more proof that the economy still sucks and still has a ways to go before it turns around - just one of the huge mess left for bho to cope with

Associated Press/AP Online
By MARCY GORDON WASHINGTON - Regulators on Friday shut down small banks in Georgia and South Dakota, boosting to 55 the number of federally insured banks to fail this year.
The Federal Deposit Insurance Corp. was appointed receiver of the two banks: First Piedmont Bank, based in Winder, Ga., which had about $115 million in assets and $109 million in deposits as of July 6; and BankFirst, based in Sioux Falls, S.D., with around $275 million in assets and $254 million in deposits as of April 30.

 

[Whomever]

All Obama's fault

 

[Don Quixote]

All Obama's fault

of course, who else would we possibly blame

 

[TuTu Monroe]

of course, who else would we possibly blame

I certainly don't blame Obama. I explained it in another thread, which no one on the left bothered to reply because they are too chicken shit and blind. A president has little control over the economy. The most powerful person in the US is the Federal Reserve Chairman and he is in charge of the monetary policy, not the president. The president is in charge of the fiscal policy. The only thing I can blame Bush and Obama for, is meddling in it, where they had no business doing it. All it is, is a power grab. Clinton did the right thing and stayed out of it.