FIVE banks down this weekend. - Democratic Underground

dixiegrrrrl

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Sun Aug-16-09 04:33 PM
Original message

FIVE banks down this weekend.

I had read about Colonial and about Dwelling House Savings and Loan Association, Pittsburgh, PA, but just now went back and found:
Community Bank of Nevada, Las Vegas, NV

Community Bank of Arizona, Phoenix, AZ

Union Bank, National Association, Gilbert, AZ

and rumor has it ( Deninnger) that
CORUS and Guaranty banks have negative equity.

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Ian David

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Sun Aug-16-09 04:35 PM
Response to Original message

1. Banks are going down more often than a Republican congressman on C-Street. n/t

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TheDebbieDee

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Sun Aug-16-09 04:49 PM
Response to Reply #1

4. LOL ! I see what you did there.............

Also, I have sex on the brain, heh.

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The_Casual_Observer

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Sun Aug-16-09 04:35 PM
Response to Original message

2. Look at it this way, the battle front is Afghanistan now. We're making real progress.

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anigbrowl

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Sun Aug-16-09 04:43 PM
Response to Original message

3. Well this is pretty much what you'd expect

if you were going through and cleaning the banking system. These aren't really news any more since nobody is losing money from their checking or savings accounts. FDIC seem to be doing a pretty good job.

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dixiegrrrrl

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Sun Aug-16-09 05:22 PM
Response to Reply #3

5. You apparently did not read how important Colonial bank was

to the mortgage industry.

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anigbrowl

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Sun Aug-16-09 07:17 PM
Response to Reply #5

6. Sorry, not agreeing with you isn't proof of anything

Of course I read it. Has anyone lost money they had in the bank? No. It might make mortgages more difficult to get. That's not what the FDIC insures against. You're not guaranteed a mortgage. Meantime, enjoy your patronizing attitude.

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Tangerine LaBamba

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Sun Aug-16-09 11:47 PM
Response to Reply #6

7. Way to misinterpret, dude -

Critical thinking is your mortal enemy?

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