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Old 08-27-2009, 04:44 PM   #14
Project Avalon Moderator
Join Date: Sep 2008
Location: Northeastern Brazil
Posts: 1,259
Default Re: Colonial Bank Goes Bust

Hi Everyone,

It seems that the crisis is a little more severe than first thought. The list of probable faliures in banks led to around 245 banks being identified according to the information from the link I posted in a previous message.

The FDIC has a different view. It puts the figure at 416 banks that are under scrutiny - almost double. That must mean surely that the initial 245 banks that were under scrutiny before this latest release of information must be in really dire straits.

Keep your heads up and your money in a safe place, like under your matress!

Check out the story:

Best regards,

Steve_A is offline   Reply With Quote