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Friday, December 25 2009 |
06:43 EDT |
DJIA (DIA)
S&P 500 (SPY)
- Regulators close four more banks, in California, Michigan, Minnesota and Missouri, bringing 2009's bank-failure total to 120. Combined estimated cost to the FDIC's Deposit Insurance Fund of today's five failures: $1.5B. United Commercial Bank, based in San Francisco, was the latest and largest closure.
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This news story has 1 comment:
It doesn't matter right?
As Larry Krudlow, Michael Darda, Brian Wesbury and SA commentators like Stone Fox Capital would say:
"It does not matter, this is a lagging indicator"
BWAAAAHHH!!!
Keep on pumping guys.
I will keep telling people what they "need" to hear, not what people like you "want" them to hear.
compdivplan.com