/blogentry/23576 time*treat's Blog: Another 2 banks bite the dust en-us Lottery Post RSS Generator /blogentry/23576#c26174 /blogentry/23576#c26174 Sat, 26 Jul 2008 16:02:01 GMT justxploring <br />In 1989 over 530 banks were closed. In 2008 7 or 8 banks have closed. Only 10 have failed in the past 2 years. No, I'm not walking around with rose colored glasses or saying that the economy is great, because it's not. There are more foreclosures than jobs in the Sunday paper and inflation is out of control. But I've been through takeovers & never lost a penny. In this case, Mutual of Omaha is covering ALL deposits, even the uninsured money. A bank takeover is not unusual. It's just... [ More ]

]]> justxploring /blogentry/23576 /blogentry/23576 Sat, 26 Jul 2008 07:28:59 GMT time*treat Mutual of Omaha Bank Acquires All Deposits of First National Bank of Nevada and First Heritage Bank, N.A.

http://www.fdic.gov/news/news/press/2008/pr08063.html

Does anyone find it odd these takeovers always occur on Fridays? Of course not.

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