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Banking at Congressional National Bank

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    Banking at Congressional National Bank

    Apr 17, 12:47 AM (ET)

    By TIM PARADIS and MARCY GORDON


    WASHINGTON (AP) - Regulators on Friday shut down eight banks - three in Florida, two in California, and one each in Massachusetts, Michigan and Washington - putting the number of U.S. bank failures this year at 50.

    ...

    Last year, 140 banks failed in the U.S. That was the highest annual number since 1992 during the peak of the savings and loan crisis. The failures last year cost the FDIC's insurance fund more than $30 billion.

    Twenty-five banks failed in 2008 and three in 2007.

    Article @ http://apnews.myway.com/article/20100417/D9F4JQR00.html
    It is the Duty of a Patriot to Protect One's Country From Its Government.
    Thomas Paine
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