10/24 FDIC Bank Failure Update

By John Galt
October 24, 2011 – 13:20 ET

This weekend was another one where any state having Republican strength saw more banks closed than Democrat controlled states but hey, that's just a “coincidence” right?

In the interim, those who have business accounts are banks which are seized are finding their day to day banking affairs a pain in the rear and unfortunately it will not get any better with this regime in charge.

Thanks again to CalOkie for following the trends and keeping a statistical history of this collapse in our financial system with his weekly updates available at the link to the right of this entry or by clicking on this link.

Stay tuned because at some point, the larger, somewhat insolvent regional banking crisis will have to be addressed.