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03/25/2010 11:54 AM ID: 83502 Permalink   

37 Banks Closed So Far This Year

 

Regulators in the United States have closed another seven banks across various states, bringing the total number of closed banks to 37 in 2010 alone. 140 banks were closed last year because of defaults and the recession.

Depositors´ money at every bank is insured and safe up to US$250,000 per account. This means that every closure has piled up to collectively sap the deposit insurance fund out of billions of dollars.

New regulation is currently being drafted in the Senate that will signify the largest financial overhaul in the United States since the Great Depression.

 
  Source: news.yahoo.com  
    WebReporter: Lois_Lane Show Calling Card      
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  4 Comments
  
  And just think  
 
it´s all obama´s fault :)
 
  by: ahhhhhhhhhhhhhhhh   03/25/2010 01:52 PM     
  @ ah-sh!t  
 
It´s your right-wing capitalist greedy crooked bankers fault, buddy.
 
  by: Lurker     03/25/2010 02:36 PM     
  ,.,.,.  
 
You´re both right. Both supported the bailout which shouldn´t have been used on the banks themselves but the people who´s money was in the banks.
 
  by: splicer   03/25/2010 05:59 PM     
  Who  
 
didn´t see this coming? Im so glad we spent good money after bad. Makes me feel American.
 
  by: hellblazer     03/26/2010 05:49 AM     
 
 
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