another bank closing

[southernfinery]

Regulators on Friday shut down a small bank in South Carolina, the 45th U.S. bank failure this year in the wake of economic distress and piles of bad loans.The Federal Deposit Insurance Corp. seized Atlantic Bank and Trust, based in Charleston, S.C., with $208.2 million in assets and $191.6 million in deposits. First Citizens Bank and Trust Co., based in Columbia, S.C., agreed to assume the assets and deposits of the failed bank.In 2010 regulators seized 157 banks, the most in a year since the savings-and-loan crisis two decades ago.The deposit insurance fund fell into the red in 2009. With failures slowing, its deficit narrowed in the first quarter of this year and stood at about $1 billion as of March 31.The FDIC expects the cost of resolving failed banks to total around $52 billion from 2010 through 2014.Depositors' money - insured up to $250,000 per account - is not at risk, with the FDIC backed by the government. That insurance cap was made permanent in the financial overhaul law enacted last July.If you believe this last statement then please see me about the bridge for sale with arches and private entrance.
The number of banks on the FDIC's confidential problem list edged up to 888 in the January-March quarter from 884 as of Dec. 31. The 888 troubled banks is the highest number since 1993, during the savings-and-loan crisis.Anyone else see a problem?

[ssbbwloverinnv (deleted)]

` Many(but not all) problems with banks, the banking industry and the economy in general can be tied directly to the privately-owned and operated "Federal" Reserve System, which is not Federal at all. The Federal Reserve Act of 1913 was passed by Congress under pressure from the big American and European banking houses, such as the Rothschilds and Warburgs to usurp our Constitutional money power backed by gold and silver to privately-issued bills of credit--the Federal Reserve Notes we all use today. They are printed out of thin air with nothing to back them up except our own faith in their so-called "dollar" and they are really nothing but worthless Monopoly money. This has been the biggest cause of inflation and the deliberate manipulation of the money supply by the big bankers who really control our country. These people can create depressions, recessions, other booms and busts, start wars, and so on. If you ever see an old pre-1933 US dollar bill in a museum or someplace, you'll see it has "Silver Certificate" written on the top, meaning it could be redeemed for the equivalent dollar amount in silver or gold in the case of a gold certificate. Not so with FRNs. So this gang of super-bankster criminals has been screwing us over for nearly 100 years now and responsible for most of the economic and financial misery we're experiencing now and in the past. Mayer Amschel Rothschild, the founder of the banking dynasty said in the 18th century, "Give me control of a nation's money and I care not who makes its laws." So the more funny money Ben Bernanke prints and floods the market with, the worse inflation and prices will rise until the economy completely tanks and implodes, then they will employ their Problem-Reaction-Solution crap and force a North American currency, similar to the euro, or a world currency using a smartcard, microchips in our right arms, foreheads, or some damn thing. Personally, I will go back to the barter system when that happens.

[southernfinery]

`it is so alarming,isn't it? I see these ads about getting more money for your gold and I asked myself why were these folks so hard-pressed for gold.Now I know that it is their attempt to get substantial and credible currency through having a precious item that holds value in all markets.I agree totally with your concept of us using play money as currency now only because of federals and their liberators saying so.To much power is just that and our federal reserve and people like Alan greenspan have way to much power.Their idea of minium wage has always caused me concern because it isn't enough for any family to live off of but that is their plan,is it not?The minium wage should at least be double what it is now.I know Alan Greenspan isn't the man in charge anymore over the money matters of the good old usa but the man that is in his place has been given the same power so that whatever he says determines the way the stock market will go for any amount of days.Our government is supposed to be a government not a dictatorship but it is vastly becoming just that by way of the money and it is as you said when you quoted that guy saying"give me control of the money and I will control the government."

[dnorthjersey2]

`Read " A Creature From jekyl Island" By G. Edward Griffin. It will explain all to you

[ssbbwloverinnv (deleted)]

` Great book, I highly recommend it. Another good one is "The New Babylon--Those Who Reign Supreme", by Michael Collins Piper. There is also all kinds of stuff on the Internet about the Fed and the history behind it. A search engine should turn up quite a lot of stuff.