Friday, August 21, 2009

Bank Closure Update - 8/21/2009

FDIC closed 4 banks today, including Guaranty Bank in Texas, bringing the August bank closure tally to 12. With the last week's closure of Colonial Bank and this week's Guaranty Bank, FDIC's reserve would be very close to zero at least, if not negative. (For more on later post. Stay tuned.)


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