Bank Failure Friday - May 14, 2010

[joe_momma]

Friday! - Payday, Weekends, Yard work, and, oh yeah, Bank Failures!

The FDIC has been doing a remarkable job (for a govt department) slowly unwinding the hundreds of insolvent banks across the nation.

How many will be shuttered today?

As a bonus - pick a state (or district) which will be affected.

Please have your votes in by 5 pm EDT.

Best wishes -

one can follow along at the FDIC website:
http://www.FDIC.gov/bank/individual/failed/banklist.html

:)

I'll go with 7 and California!

[MNeagle]

7-8 while everyone is distracted. FL for the win.

[Ash_Williams]

I went 7-8

[gunDriller]

what holiday ?

i know Europe has a holiday, "Ascension Day" or something like that.

i picked 5-6. that seems to be the average rate.

[1970 Silver Art]

No. No. No. You are all wrong. ;D The FDIC gov't goons are exhausted today and they desperately need a break from the exhaustive work of shutting down all of those banks in the last few weeks. They need to take a breather and this Friday will be the day that they take a breather. I am calling for a "Lonesome one" for today. I truly think that there will be only 1 bank failure for today.

[SHTF2010]

signing in for the DOOM & GLOOM crowd

9+ Whoopsie

[Apparition]

4-6 is my prediction.

[k-os]

I chose "4 - 6, Slowing down for the holiday", although I have no idea what holiday is this weekend.

[1970 Silver Art]

First bank failure of today. It is in GA.

http://www.fdic.gov/bank/individual/failed/banklist.html

http://www.fdic.gov/bank/individual/failed/satillacmntyga.html

[gunDriller]

maybe APMex, Bullion Direct, and the other large dealers will just take over the banking system.

the banksters will eventually find, nobody wants to buy their fancy digital origami.

[Apparition]

Two so far with the most recent being from Michigan:

New Liberty Bank Plymouth, MI 35586

[gunDriller]

will the West Coast emerge un-scathed ? i don't think so.

[Apparition]

Four so far:

Midwest Bank and Trust Company Elmwood Park, IL
Southwest Community Bank Springfield, MO
New Liberty Bank Plymouth, MI
Satilla Community Bank Saint Marys, GA

[MNeagle]

will the West Coast emerge un-scathed ? i don't think so.


It appears they have this week.

[philo beddoe]

will the West Coast emerge un-scathed ? i don't think so.


It appears they have this week.
a lot of banks only closed 17 minutes ago...it's friday maybe one or two will pop up.....

[joe_momma]

It looks like 4 for the week!

Congrads to K-os and Apparition and the others who correctly chose 4!

Well done and see you all next week!