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Sunday, September 26, 2010

Bank Body Count

With the month of September rushing to a close, leaving only 3 months to go, there were only 2 banks down this week:
 - Haven Trust Bank, Florida
  - North County Bank,Washington

That brings the 2010 bank body count to 127.

Well, at least we still have those safe credit unions, right?

WASHINGTON (AP) -- Federal regulators took over three key lenders to U.S. credit unions, after losses on mortgage investments threatened to topple them. The move was a reminder that parts of the financial system are still burdened by the toxic assets two years after the financial crisis peaked.


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