Bank Failures
The Federal Deposit Insurance Corporation has announced 11 bank failures so far in 2011. Eight banks have failed in the past two weeks at a cost of over $1 billion to the US taxpayer since the FDIC is broke. An interesting point is that 2 of these bank failures have not been acquired by another bank and are being shut down. I realize that it is difficult to discern truth in the news but we encourage you to review facts listed on government websites such as http://www.fdic.gov.
David DeGerolamo
Read more at NC Freedom Triangle
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