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<blockquote data-quote="Babagounj" data-source="post: 754688" data-attributes="member: 12952"><p><strong>Re: Obamanomics</strong></p><p></p><p>NEW YORK (CNNMoney.com) -- A Minnesota bank was closed by government regulators Friday, the Federal Deposit Insurance Corp. said, bringing the total number of failed banks this year past 100.</p><p>Community Security Bank of New Prague, Minn., was the 101st in a string of small, regional banks to fail this year.</p><p>FDIC spokesman Andrew Gray said the agency expects the number of failed banks to exceed last year's total of 140, though he added that failures this year will not approach the historic levels seen during the savings and loan crisis. In 1989, a record 534 banks were closed by regulators.</p><p>Still, banks have been failing at a rapid pace this year. At this time in 2009, regulators had closed a total of 57 banks.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 754688, member: 12952"] [b]Re: Obamanomics[/b] NEW YORK (CNNMoney.com) -- A Minnesota bank was closed by government regulators Friday, the Federal Deposit Insurance Corp. said, bringing the total number of failed banks this year past 100. Community Security Bank of New Prague, Minn., was the 101st in a string of small, regional banks to fail this year. FDIC spokesman Andrew Gray said the agency expects the number of failed banks to exceed last year's total of 140, though he added that failures this year will not approach the historic levels seen during the savings and loan crisis. In 1989, a record 534 banks were closed by regulators. Still, banks have been failing at a rapid pace this year. At this time in 2009, regulators had closed a total of 57 banks. [/QUOTE]
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