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Friday, January 29, 2010

UnSweet Fifteen

More banks are being shut down and taken over by the government. Apparently, the bailouts that worked for the Goldmans and the Morgans have not worked for these banks.

Regulators shut down banks in 5 states - Yahoo! Finance: "Regulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida, Minnesota and Washington. That brought to 15 the number of bank failures so far in 2010 atop the 140 shuttered last year in the punishing economic climate."

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