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Political Ravings Forum - Politics Forum » Political Issues » Worldwide Economic Issues » Feds close bank in Kansas; ninth collapse 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?

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Feds close bank in Kansas; ninth collapse this year

#1   08.23.2008

WiseOne Political Forum Owner   Join Date: Sep 2007 Location: Big Sandy, TN Posts: 993 Last Seen: 6 Hours Ago Persuasion? Independent Political Blog: 1

Feds close bank in Kansas; ninth collapse this year Quote: Aug. 23 (Bloomberg) -- Columbian Bank and Trust Co. of Topeka, Kansas, was closed by U.S. regulators, the nation's ninth bank to collapse this year amid bad real-estate loans and writedowns stemming from a drop in home prices. The bank, with $752 million in assets and $622 million in total deposits, was shuttered by the Kansas state bank commissioner's office and the Federal Deposit Insurance Corp., the FDIC said yesterday in a statement. Read More Here >> Bloomberg WiseOne's Comments, and another one bites the dust...rumor is there are more coming and apparently some BIG banks coming... __________________ 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 ________________________________________

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#2   08.24.2008

Smurf-316 Super Moderator   Join Date: Sep 2007 Location: Asheboro N.C. Age: 36 Posts: 799

I think it's gonna get worse before it gets better. __________________

#3   08.25.2008

WiseOne Political Forum Owner   Join Date: Sep 2007 Location: Big Sandy, TN Posts: 993 Last Seen: 6 Hours Ago Persuasion? Independent Political Blog: 1

I agree...they say there are certainly more coming. If you ask me, they are trying to stagger them so the public doesn't freak all at once... __________________ 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 ________________________________________

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bank crisis, bank failure

« Small Florida bank is 8th U.S. failure this year | Integrity Bank Becomes 10th U.S. Failure This Year »

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