CHESSNOID

Another Friday and another bank closing. Today, it is 2 sets of bank branches. The economy has supposedly turned around a year ago, but I don’t see it. We still have over 15 million people unemployed and I personally think that is a low figure based on the way our government excludes certain people.

Remember when we bailed out the banks with trillions of tax payer dollars? It was suppose to stop this from happening, so where did that money really go?

Market Watch:

SAN FRANCISCO (MarketWatch) — Bank failures in Georgia and Florida on Friday brought the year’s tally to 85, according to the Federal Deposit Insurance Corp. The Savannah Bank, N.A., of Savannah, Ga., will assume $231.9 million in deposits from First National Bank in Savannah, but will not buy the bank’s $252.5 million in total assets. In Florida, Premier American Bank of Miami will assume all of the $580.1 million deposits and buy $644.3 million in assets from Peninsula Bank in Englewood.