Friday, September 25, 2009

It must be Friday...

A Georgia bank fails today. It must be Friday...

CNNMoney.com just announced the Atlanta-based Georgian Bank has failed, the 95th bank failure so far this year. That's an average of more than 10 per month, with probably more to come.


The cost of today's failed bank will cost the FDIC an estimated $892 million. Sigh.

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