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Friday, April 29, 2011

We can always Bank on Spin, if not on Banks

5 banks fail in Fla., Ga., Mich.; makes 39 in '11 - Yahoo! Finance: "Regulators on Friday shut down banks in Florida, Georgia and Michigan, a total of five closures that lifted the number of U.S. bank failures this year to 39.

The pace of closures has slowed, however, as the economy improves and banks work their way through piles of bad debt. By this time last year, regulators had closed 64 banks."

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