On Friday, in Nevada, we saw the 83 bank to be shut down this year by regulators due to insolvency. This years pace is double of last year’s. Take heart however because the big banks and giant investment banks like Goldman Sachs and Citicorp reported record earnings and their CEOs and other officers and management were awarded with record bonuses- hundreds of millions of dollars of taxpayer funded bonuses. ( You say you don;t have the money to fund the banker’s bonuses? It’s OK Obma sold your children into serfdom)
Here is the article Bank failure is 83rd in ’10; pace more than double last year’s