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Forum Post: Western National Bank, Phoenix, Arizona is the 92nd FDIC-Insured Institution to Fail in the Nation This Year /// Cost to the Deposit Insurance Fund (DIF) estimated at $37.6 Million

Posted 7 years ago on Dec. 16, 2011, 11:19 p.m. EST by MonetizingDiscontent (1257)
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IMPLODED: Western National Bank, Phoenix, Arizona

http://bankimplode.com/blog/2011/12/16/western-national-bank-phoenix-arizona/

-December 16, 2011-

Western National Bank, Phoenix, Arizona... http://www.fdic.gov/news/news/press/2011/pr11195.html ...is the 92nd FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $37.6 million.


IMPLODED: Premier Community Bank of the Emerald Coast, Crestview, Florida

http://bankimplode.com/blog/2011/12/16/premier-community-bank-of-the-emerald-coast-crestview-florida/

-December 16, 2011-

Premier Community Bank of the Emerald Coast, Crestview, Florida... http://www.fdic.gov/news/news/press/2011/pr11194.html ...becomes the 91st FDIC-insured institution to fail in the nation in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $31.2 million.


http://www.usdebtclock.org/#


1 Comments

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[-] 0 points by ronjj (-241) 7 years ago

So I did not detect any purpose in this post. If your intent was to show:

  1. Maybe the idea of big banks is not all that it seems to be. They may not be as wealthy as we thought they were

  2. A lot of wealth really is on paper. FDIC insures the individual depositors NOT the CEO and his crew.

  3. Wealth held by stockholders in such banks may not be something that I want so bad after all. Given the choice between stock in one of these banks and a bag of apples - the apples look pretty good right about now.

  4. Maybe we should just stop for a minute and see what our purpose in all of this ranting and raving is really all about. Can you imagine the embarrassment of protesting in front of the bank in Phoenix at the very time they lock the doors and post the notice that they are insolvent. AAHHHHH - probably not - we will just look for another RICH target to protest in front of.

This is really getting more interesting every day - and not in a very positive way.