Small Florida bank is 8th U.S. failure this year - Political Ravings Forum

Political Ravings Forum - Politics Forum » Political Issues » Worldwide Economic Issues » Small Florida bank is 8th U.S. failure this year

Worldwide Economic Issues A place to discuss the worldwide economic disasters looming. The problems that face the economy in the 2000's will make 1929 look like a walk in the park. Let us discuss this "Perfect Storm." What are your thoughts on the economy? No matter WHERE in the world?

Political Ravings Forum - A Forum For Political Junkies
Sponsored Links

Thread Tools

Rate Thread

Display Modes

Small Florida bank is 8th U.S. failure this year

08.04.2008

WiseOne

Political Forum Owner

Join Date: Sep 2007

Location: Big Sandy, TN

Posts: 931

Last Seen: 1 Hour Ago

Persuasion? Independent

Political Blog: 1

Small Florida bank is 8th U.S. failure this year

Quote:

WASHINGTON (Reuters) - Bank regulators closed a small Florida-based bank on Friday, the eighth U.S. bank to fail this year under pressure from a weak economy and a credit crisis precipitated by falling home prices.

The Federal Deposit Insurance Corp said First Priority Bank had $259 million in assets and $227 million in deposits and its failure will cost the federal fund that insures deposits an estimated $72 million.

Read More Here >> Yahoo News

WiseOne's Comments, well duhhhhhh...I bet there will be a lot more with some of the idiots these banks have been giving loans to, sheesh.

__________________

Truck Forum
...making sense of the trucking industry

Hillary For President
...do YOU want Hillary For President?

...And this shall be the plague wherewith the LORD will smite all the people that have fought against Jerusalem; Their flesh shall consume away while they stand upon their feet, and their eyes shall consume away in their holes, and their tongue shall consume away in their mouth. -- Zechariah 14:12

________________________________________

Remove This Ad By Registering. Join Our Political Forum For Free. Sponsored Links:

Tags

bank crisis, bank failure, failing banks

« U.S. banks sharply reduce business loans | Feds close bank in Kansas; ninth collapse this year »

Thread Tools
Show Printable Version Email this Page
Display Modes	Rate This Thread
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode	Rate This Thread:

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are Off Refbacks are Off

Forum Jump

Similar Threads
Thread	Thread Starter	Political Forum	Replies	Last Post
This man can deliver Florida to the Dems in 2008	theprovocateur	Politics In The News	0	11.19.2007 03.55 PM

Search Engine Friendly URLs by vBSEO

Political Forum Disclaimer: All content, information and opinions (collectively, the "Material") presented on Our Political Discussion Board at PoliticalRavings.com are those of the authors of posts and messages (collectively, the "participants") and not Political Ravings. Political Ravings does not guarantee the reliability, completeness, accuracy, timeliness or up-to-date-ness of the material presented on our Political Forum. The material is published "as is," and does not represent the official views and opinions of Political Ravings or any company. Any reliance upon the Material presented on these forums shall be at User's own risk. Political Ravings does not review the substance of the content posted by users on these forums and is therefore not responsible for any of such content. Political Ravings Forum merely provides a space for its users to express and exchange their own opinions.